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Buyer of 49% of Slovak utility must complete Mochovce nuclear power plant

Brief

October 22, 2003

Before Slovak utility Slovenske Elektrarne (SE) may be partially privatized, the Slovakian government has stipulated that construction of Mochovce units 3 and 4 must be completed. The sale of 49% of SE should be finalized by late 2005. Major utilities such as EDF, ENEL and E.On appear to be interested in purchasing the utility.