Slovakia Caps Nuclear Fees for Industry to Help During Slowdown

Slovakia’s government agreed to limit the amount that the largest industrial electricity consumers have to pay into the state nuclear fund to help businesses in the face of an economic slowdown.

The biggest electricity users will pay a maximum 2 million euros ($2.6 million) per year into a fund designed for decommissioning plants and disposing of nuclear waste, Economy Ministry spokesman Stanislav Jurikovic said by phone.

“This will have a positive impact on the business environment,” Jurikovic said.

Prime Minister Robert Fico’s government is trying to boost competitiveness and revive economic growth, which it expects to slow to 0.5 percent this year, from 2 percent in 2012.

Slovakia was forced to shut down two reactors at its V1 plant at Jaslovske Bohunice as a condition to its 2004 entry into the European Union. The deactivation, partly funded by the EU, will cost a total 1.14 billion euros, of which 130 million euros remain outstanding, according to Slovak nuclear decommissioning company Javys.

Before it's here, it's on the Bloomberg Terminal.