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Nuclear energy gains attention in Slovakia

Week in Slovakia

Monday – 14th June 2010

The Slovak electricity transmission system, a.s. (SEPS) will not issue any new permits for constructing solar or wind power plants until the end of 2011. The reason, according to SEPS is that the limit of the installed capacity, which the electricity transmission system is able to cover, was already reached.

Tuesday – 15th June 2010

The German company Lisega AG will take part in the construction of the third and fourth block of the nuclear power plant in Mochovce. The German company is a specialist in the field of pipeline systems. The company will provide the reactors with construction material valued at more than 3 mil. euro. Slovenské elektrárne, a.s plan to put the third block into operation in the fall of 2012 and the fourth reactor should start working in 2013.

Wednesday – 16th June 2010

Slovenské elektrárne a.s. signed a deal with the company Rolls-Royce on supplies of neutron instrumentation system Spinline. The system  will be used for constructing the third and fourth block of the nuclear power plant Mochovce.

Thursday – 17th June 2010

The company VUJE, a.s. Trnava will provide the Nuclear and Decommissioning Company (JAVYS) with storage capacities for burnt out nuclear fuel. The order was granted without a public competition due to protecting exclusive rights. The financial guarantor is the National nuclear fund. The order is worth 15,81 mil. euro.

Friday – 18th June 2010

The Nuclear and Decommissioning Company (JAVYS), plc. earned 32,14 mil. euro in 2009. The business of the company in the last year was mainly occupied with the process of ending the operation of the nuclear power plant V1 and putting out the nuclear power plant A1.

European Union and World

Monday – 14th June 2010

The finance group Penta did not qualify for the second round of the tender for buying a 83 % share of the Polish energy company Energa. The Polish ministry of treasury selected five final contestants, among others also the Czech energy group ČEZ.

The price of oil increased by 1,4 % and reached a price of 74,79 USD per one barrel.

Tuesday – 15th June 2010

The Energy regulatory office (ERÚ) in Czech republic assumes that the revenues of Czech solar power plants end up abroad. Although the capacity in the electric grid was reserved by local businessmen, they are selling their projects non-transparently to rich foreign investors, ERÚ claims.

Poland needs an agreement with Russia on the supplies of natural gas, sais the Polish ministry of economy. The Polish government approved a deal last month that guarantees gas supplies until 2037 for Poland. If the deal is not signed, the country could face cuts in gas supplies and substantial financial consequences. Poland meets two thirds of its gas consumption by supplies from Russia.

The international rating agency Fitch Ratings has downgraded the credit rating of British Petroleum by yet another six levels from AA to BBB, whici is only two levels above junk.

The oil concern Saudi Aramco from Saudi Arabia will store 3,8 mil of barrels of oil on the island Okinawa in Japan.

Wednesday – 16th June 2010

Ukraine agreed with consolidating its company Naftogat with the Russian energy concern Gazprom, but only under the condition that it would also include an exchange of holdings. The decision was presented by the Ukrainian Prime Minister Mykola Azarov.

Russian oil monopoly Transneft plans to increase its oil exports in the third quarter of 2010. It expects a quarterly export rise of 1,2 % to a level of 4,079 millions of barrels per day. 

Thursday – 17th June 2010

Czech republic was able to transport 41 % of the imported volume of oil from west during the first five months of 2010. The oil was transported by the oil pipeline IKL from Ingolstadt. The Czech Ministry of economy states that lowering its supplies from Ukraine is not a political decision, but rather an economical one.

Turkey, Greece and Italy will build a common gas pipeline – ITGI (Italy – Tureky – Greece Intert-connector). The gas pipeline should be ready until 2017. The supplies of natural gas for the pipeline will be bought from the Azerbaijani gas field Shah Deniz.

Friday – 18th June 2010

The Swedish parliament approved construction of new nuclear reactors. The decision repealed a thirty-year old ban, which was in force since a referendum in 1980 on giving up nuclear energy. The permit applies only to constructing reactors that will replace the already existing shut down reactors.

The Russian private oil company Lukoil is not interested in buying shares of British Petroleum (BP) worth of 10 mil. dollars. By selling the shares BP wants to pay the damages caused by the oil accident in the Mexican gulf.

Russia warned Belarus that it might reduce gas supplies for the country by a considerable percentage (up to 85 %). The reason behind the cuts is that Belarus did not fulfil its financial obligations. Up till now Belarus owns Russia 192 mil. dollars.

Saturday – 19th June 2010

The negotiations between Russia and Belarus about settling up the depth were unsuccessful, sais Russian Gazprom. If Minsk does not pay its debt until Monday (21. June 2010), the company threatened its Belarus partner that it will cut its supplies by 85 %.

Sunday – 20th June 2010

The Hungarian government wants to buy back 21,2 % share of the MOL company that is now in the hands of Russian company Surgutneft. The Russian oil giant bought the shares in 2009 from Austrian OMV for 1,4 mld. euro. Surgurneft now asks for the same amount of money from the Hungarian government.

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