Slovakia’s government has approved Italian utility Enel’s investment plan for national power company Slovenske Elektrarne (SE), in which Enel has bid for a majority 66% stake.
The investment plan, presented to the Slovakian Economy Ministry on 8 August, sets out investments worth some €2.0 billion as part of Enel’s plans to push SE into a key operator in Central and Eastern Europe.
Enel has offered €840 million for the 66% holding and is thought to be prepared to invest some €1.6 billion in the completion of the Mochovce nuclear power plant, owned by SE.
Enel is said to be pleased with the positive signal from the Slovak government.