SE could not pay VAT last year
The launch of the Mochovce nuclear power plant’s third bloc has improved the financial situation of Slovenské elektrárne, says its CEO Branislav Strýček. Previously, banks had refused to finance the company and the money had to be provided by its shareholders, Enel and EPH. The company even applied and was granted a VAT deferral last year. Now it is focusing on completing the fourth bloc. Following its launch in two years it may become one of the most profitable companies in Slovakia and repay its €4bn in loans. It has already spent €5.6bn of the €6.2bn total budget on the two blocs. Besides Russia, Westinghouse and Framatome will supply it with nuclear fuel. Finns, Czechs, Hungarians and SE have agreed that Framatome will develop fuel for them. Westinghouse already has suitable fuel.
