Bloomberg News

Slovakia Wants More EU Money for Nuclear Shutdown, Fico Says

June 26, 2012

Slovakia will ask the European Union for more aid to help cover the costs of decommissioning two nuclear reactors, Prime Minister Robert Fico said.

The Slovak administration will demand that the EU contributes at least 300 million euros ($375 million) to help cover the costs of the closures, Fico said. The EU in the 2014-2020 budgetary cycle allotted 115 million euros for its east European member to help finance the 2006-2008 shutdown of two Soviet-style reactors at Jaslovske Bohunice nuclear plant.

“At this time, we can’t afford to spend money on decommissioning of reactors we didn’t want to shut down,” Fico told lawmakers in the Slovak capital, Bratislava. A failure to win more aid would halt the process, whose costs the government estimates at 425 million euros, he added.

The economic slowdown combined with a need for austerity to combat the European debt crisis, makes it harder for eastern European nations to cover the costs of closing nuclear facilities demanded by the EU on safety grounds as part of accession agreements beginning in 2004. The bloc in the next cycle assigned a combined 500 million euros in aid to Slovakia and Lithuania and Bulgaria, two other countries also affected by the EU-demanded shutdowns.

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


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus