Inspectors from the Supreme Audit Office have encountered several problems and risks associated with the fulfilment of Slovakia’s commitments to the European Union. Under these commitments, Slovakia is expected to reduce primary energy consumption by 20% until 2020.
The company Vodohospodarska Vystavba was supposed to announce a tender for the Gabcikovo hydropower plant overhaul in summer. It has not eventually been announced due to a possible crime during the operation of the power plant in the past.
Less than 8.3 million euros was allocated for energy support from the European Union and co-financing compared to over 16 million euros spent every in years 2013 and 2014. This year, the support is expected to reach less than 21 milllion euros.
The state has not yet agreed with Italian Enel to privatization settlement. It is hard to say whether the state uses highly sophisticated tactics, or is just unwilling to help Italians get rid of their stake in Slovenske Elektrarne for a better price.
Italian Enel and the state failed to settle privatisation of a 66-percent stake in Slovenske Elektrarne after almost ten years. This fact can play an important role in the sale of Slovenske Elektrarne.
Slovak Prime Minister Robert Fico says that companies which have agreed with Gazprom to the construction of Nord Stream 2 gas pipeline project, are making idiots of us.
Thanks to the supportive measures, from 10,000 to 25,000 hybrid or electric cars could be driving in Slovakia in 2020, depending on whether a conservative or optimistic scenario is adopted.
Prime Minister Robert Fico did not rule out that state will be interested in acquiring a 17-percent stake of the 66-percent stake in Slovenske Elektarne put up for sale in the future.
The Slovak government is waiting for decision of the Italian investor in the sale of its majority stake in power utility Slovenske Elektarne, Economy Minister Vazil Hudak said.
The economy ministry is still seeking the consulting company which will carry out the analysis. The name of the consultant should be known at the end of August.
Enel’s Chief Executive, Francesco Starace, said that he would sign the Memorandum of Understanding with one of three finalists interested in acquiring a stake in the power utility Slovenske Elektrarne, by the end of the month.
The selected advisor will carry out an analysis for the state to assess its possibility to raise its stake in electricity producer Slovenske Elektrarne.
The state has not sent any advisor to the company who would provide a real view of the company in regards to its technical, legal and economic issues, since Italian company Enel officially announced its plan to sell the power utility Slovenske Elektrarne.
The economy ministry states it would be unprofessional and incorrect for the government to reveal its attitude towards the sale of a 66-percent stake in the power utility Slovenske Elektrarne before negotiations with Italian Enel.
Prime Minister Robert Fico says that there are serious reasons for the postponement of his journey to Italy to discuss the sale of Slovenske Elektrarne.
Following the Cabinet’s session, Prime Minister Robert Fico repeatedly warned Italians not to leave Slovakia without completing the third and fourth units at Mochovce NPP.
We asked three analysts whether the state should purchase Enel’s stake in the power utility Slovenske Elektrarne and whether the entry of Italian Enel nine years ago brought some positives.