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Slovakia Power Report Q1 2014

Slovakia Power Market: New market analysis released


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2014-02-10 00:18:03 - Slovakia Power Report Q1 2014 - a new market research report on companiesandmarkets.com

A sluggish regional and domestic economy, weak government finances and low power prices have caused repeated delays to the implementation of planned investments in recent months, raising significant challenges for Slovakia´s power industry. With the economy turning a corner, there is a risk the country´s net electricity import requirements could grow over the coming years.

An increasingly challenging business environment has hit the power industry in Slovakia badly, and rising costs and a sluggish economy have called into question the viability of a number of major planned projects. The construction of two new reactors at Enel´s Mochovce nuclear plant in Western Slovakia - which was due to be completed in 2013 - has been subject to repeated delays and is now

 

 

unlikely to be completed until 2015. E.ON announced the mothballing of its gas-fired plant at Malzenice. While the country´s continued commitment to the use of nuclear energy in its power generation mix bodes well for longer-term energy self sufficiency, in the medium term repeated delays to planned investments could raise challenges for the industry, particularly with economic growth likely to pick up in 2014.

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