Slovenské elektrárne will not go bust over the new tax, Sulík says

Power generator Slovenské elektrárne will not go bust over the new tax on excess profits from trading in electricity produced by nuclear facilities, said Economy Minister Richard Sulík (SaS). SE warns it won’t be able to pay salaries in March and bankruptcy is "a matter of weeks". Sulík explains that it costs SE €28 to make MWh of electricity at nuclear power plants and the new 50% tax will only apply to revenues from the sale of power over €42. This year, SE is selling its power for an average of €52 and the tax would be €5 per MWh. "This is not an amount to bankrupt SE,” he added. Banks find lending to SE “extremely profitable” as the company pays 4-5% interest.

(sme.sk)