Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Enel’s Mochovce Project Faces Delay, Higher Costs, Sme Says

Jan. 31 (Bloomberg) -- The construction of two new reactors at Mochovce nuclear plant by Enel SpA’s Slovak unit will cost more than planned and will be delayed by two years, Sme reported, citing Economy Minister Tomas Malatinsky.

The project is set to be completed by 2015, compared with the original deadline of 2013, while costs are expected to rise to 3.7 billion euros ($5 billion) from the originally estimated 2.8 billion euros, the newspaper quoted Malatinsky as saying.

The plant is operated by Slovenske Elektrarne AS, in which Enel owns 66 percent and the Slovak government holds the rest. The company will not pay dividends until 2018 to cover the project’s costs, the newspaper said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.