CEZ, MOL put on hold plans to build 800MW gas-fired power plant in Slovakia.

By bne IntelliNews December 4, 2012
Czech state-owned power group CEZ and Hungary's oil and gas group MOL have frozen a project to build an 800MW combined cycle gas-fired power plant within the area of Slovak refinery Slovnaft, a subsidiary of MOL, CTK newswire reported. The delay was caused by the current unfavourable developments on the commodities markets, as natural gas prices are high, while electricity prices are low, and that makes the project not viable at the moment, Slovnaft spokesman Anton Molnar told CTK. He added that another problem is the capacity of the electricity transmission system between Slovakia and Hungary, which could not be able to handle the electricity produced by the new plant after the completion of other upcoming electricity generation sources. However, the project could be resumed if market conditions change, Molnar said. Slovakia is expected to produce in the near future significantly more electricity than the country consumes. This will happen after the commissioning of two new reactors at the Mochovce nuclear power plant with a total installed capacity of 880MW that are being built by Slovak power company Slovenske Elektrarne (SE), majority owned by Italy's energy group Enel. The third block is expected to be put into operation by the end of 2013 and the fourth block should be ready by mid-2014.

Related Articles

Slovakia one of possible locations for new BMW plant.

German car maker BMW considers building a new plant in eastern Europe and Slovakia is one of the potential locations, Hospodarske Noviny business daily reported citing BMW's board member Ian ... more

Slovakia jobless rate edges down to 14.7% in February 2013.

Slovakia's unemployment rate in February 2013 fell for the first time in six months going down to 14.7% from 14.8% in January when it reached its highest level in more than 8.5 years, data from ... more

Frances CCN Group considers new plant in Slovakia - report.

France-based CCN Group, a supplier of components for turbines and automobiles, considers building a new plant in Slovakia in the town of Belusa, Hospodarske Noviny daily reported citing unnamed ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss