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2 clusters · 7 sources · 8 days · First seen · Last updated

Slovakia acquisition of JESS nuclear stake

Overview

The Slovak government has approved the buyout of the Czech energy group ČEZ’s 49 percent minority stake in Jadrová energetická spoločnosť Slovenska (JESS). The transaction, valued at 189.4 million euros, will result in the state-controlled company JAVYS holding a 100 percent stake in JESS.

This acquisition is intended to facilitate the development of a new nuclear power plant at the Jaslovské Bohunice site, which is projected to have an installed capacity of approximately 1200 megawatts. Prime Minister Robert Fico stated that full ownership will allow the state to manage documents and permits more effectively, potentially accelerating the construction process.

The project is considered a strategic investment with an estimated minimum cost of 10.938 billion euros and a target completion date of 2040. ČEZ CEO Daniel Beneš noted that the Bohunice site is among the best-prepared locations in Europe for nuclear construction, having already secured feasibility studies and environmental impact assessments.

Entities

ČEZ · JAVYS · Robert Fico · Jadrová energetická spoločnosť Slovenska · Slovakia

Timeline

  1. [BUSINESS] 4 sources
    Slovakia acquires full ownership of JESS to accelerate nuclear project

    Slovakia is acquiring the remaining 49 percent stake in JESS from Czech group ČEZ for 189.4 million euros to gain full control over the construction of a new nuclear power source in Jaslovské Bohunice.

  2. [BUSINESS] 3 sources
    Slovakia to buy out ČEZ stake in JESS for 189.4 million euros

    Slovakia will buy out ČEZ’s 49% stake in JESS for 189.4 million euros, allowing the state to fully control the company preparing for a new 1200 MW nuclear power plant in Jaslovské Bohunice.

Sources

energie-portal.sk · ereport.sk · europesays.com · hnonline.sk · news.refresher.sk · oenergetice.cz · topky.sk