Integrating together a pumped-storage hydroelectric power plant and a modern battery storage represents a unique power-engineering project for increasing flexibility and efficiency of power grids in Slovakia and Europe. Slovenské elektrárne, as the only Slovak company included in to the ranking Europe’s Climate Leader, have been preparing such an innovative solution thanks to modernisation of the largest Slovak pumped storage hydroelectric power plant on Čierny Váh. The project has the potential to reduce the generated amount of CO2 emissions and enable better integration of electricity generation from renewables.
“The SE Integrator project positively presents our country, Slovakia. It shows that we have a vision and we can prepare and implement world-class projects and as a country we can lead not only in nuclear, but also in hydropower engineering. We are connecting it with the latest available technology in order to extend service life of the pumped storage power plant and increase energy security of Slovakia.”
─ Milan Ilčík, hydropower plants director
The power grid, with raising number of renewables connecting, faces the differences between forecast and real generation from these sources, which are hard to forecast. At the same time, the peak generation from photovoltaic power plants (particularly during the day) and minimum consumption at the same time, there is a large energy surplus and on the other hand, at the time when these sources don’t generate, there is a lack of electricity in the grid. Surplus or lack of electricity must be compensated using variable electrical equipment, able to store energy and then deliver it quickly into the power grid. This will be the role of the SE integrator.
SE Integrator has the statute of a “Project of Common Interest” (Projekt spoločného záujmu) and it has received at the beginning of 2025 support for the preparatory phase of the project from the European grant Connecting Europe Facility Studies in the amount of more than EUR 2 million. The public consultation on the project took place on Thursday 15 May 2025 in Kráľova Lehota Culture Palace. Professionals and lay public both participated. For more information on the project SE Integrator see the booklet.
With more than 70% share in the overall electricity production in Slovakia, Slovenské elektrárne, a.s. is the largest electricity producer in the country. After shutting down the last coal-fired power plant, at the end of the first quarter of 2024, it generates all its electricity without direct CO2 emissions. It operates 5 nuclear units, 31 hydroelectric power plants, and 2 photovoltaic power plants.
Company´s commitment to generate electricity from low carbon sources makes it the leader in sustainable energy generation in the Central and Eastern Europe. The Company was listed four times in the prestigious index Europe's Climate Leaders prepared by The Financial Times and Statista since 2021. In 2025, Slovenské elektrárne was included into the ranking as the only company from Slovakia.
Slovenské elektrárne, a.s. has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH) owning 66% of the share capital. A 50% stake in the share capital of SPH was owned by Energetický a průmyslový holding (EPH) and the remaining 50% is owned by the biggest Italian company Enel. The share of the Slovak Republic in Slovenské elektrárne represents 34%.
In December 2024, Enel and EPH signed an agreement under which EPH, as foreseen by the early redemption option, will purchase 50% of the share capital currently held by Enel in SPH. The closing of the transaction, which is expected in the first half of 2025, is subject to meeting certain conditions, including regulatory approvals.
Slovenské elektrárne became the Europe's Climate Leader. For the fourth time in a row. In addition, for 2025 as the only company from Slovakia. Europe's Climate Leaders are ranked annually by Financial Times daily in cooperation with Statista. They evaluate European companies according to their progress in reducing greenhouse gas emissions. In addition, Slovenské elektrárne were excellent again this year.
Currently, 600 companies are included in the ranking from the original long list of approximately 2,000 entities. To be included into the list, companies must meet a key threshold of reducing their baseline emissions intensity by more than 3% per year. Slovenské elektrárne has improved compared their last year's ranking. In 2018 - 2023 evaluation period, we decreased CO2 amount by more than 52%, compared to more than 45% in the previous year belonged to the evaluation period of 2017 - 2022.
The power industry is not only about megawatts and power plants. It is also about responsibility and commitment. A commitment to a country that needs stable and secure electricity supplies. A commitment to the people depending on us every day to deliver ecologically clean and low-carbon energy. The Europe's Climate Leader award is a great satisfaction for us. I am sure that our upcoming investment projects will strengthen our position in the ranking.
– Branislav Strýček, Chairman of the Board of Directors and General Director of Slovenské elektrárne
Having more than 70% share in the overall electricity production in Slovakia, Slovenské elektrárne is the largest electricity producer in the country. After shutting down the coal-fired power plant at Nováky at the end of 2023 and the power plant at Vojany at the beginning of 2024, we generate 100% of our electricity without direct CO2 emissions. Commissioning of Unit 3 of the Mochovce Power Plant has a significant ecological effect. These important events will be included in the next year´s evaluation which can bring us even better ranking. However, for the years to come, we will continue to promote the reduction of greenhouse gas emissions. Our new investment projects should contribute to this: Unit 4 at Mochovce, SE Integrator Čierny Váh, battery storages and construction of the small modular reactor (SMR) within the Phoenix Project.
Slovenské elektrárne, a.s. has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH) owning 66% of the share capital. A 50% stake in the share capital of SPH is owned by Energetický a průmyslový holding (EPH) and the remaining 50% is owned by the biggest Italian company Enel. The share of the Slovak Republic in Slovenské elektrárne represents 34%.
In December 2024, Enel and EPH signed an agreement under which EPH, as foreseen by the early redemption option, will purchase 50% of the share capital currently held by Enel in SPH. The closing of the transaction, which is expected in the first half of 2025, is subject to meeting certain conditions, including regulatory approvals.
Slovenské elektrárne, a.s., has launched hot hydro test of Unit 4 of Mochovce nuclear power plant. The largest electricity producer in Slovakia will perform pressure and tightness tests of the primary circuit and reactor, functional tests of primary and secondary circuit equipment, safety systems, ventilation systems, electrical and I&C system.
"Mochovce 4 has passed through significant milestones – cold hydro test and small revision. With the hot hydro test, we are in the next stage of the inactive testing programme. Our goal is to load nuclear fuel into the reactor this year once all the necessary tests and revisions have been carried out, so that we can generate more electricity reliably and without direct CO2 emissions."
Branislav Strýček, Chairman of the Board of Directors and CEO of Slovenské elektrárne
Mochovce 4 has already undergone cold hydro-test and subsequently small revision of the primary circuit equipment. During the cold hydro test, the primary circuit was heated up to 130 °C and pressurised up to 13.7 MPa, which is more than 111 % of the operating pressure. In addition to steam generators, Slovenské elektrárne also tested feedwater and live steam at the pressures of up to 7.65 MPa, or 166 % of the operating pressure.
"The project is progressing according to the schedule approved by the shareholders, which is due to the professionalism and commitment of the project team."
Richard Green, Project Director of Mochovce 3&4
Both Unit 3 and Unit 4 at Mochovce have the installed capacity of 471 MW and together will cover approximately 26 % of electricity demand in Slovakia.
With over a 70 % share of the total electricity produced in Slovakia, Slovenské elektrárne is the largest power generating company in the country. After shutting down its last coal-fired power plant at the end of the first quarter of 2024, Slovenské elektrárne now produces electricity free of direct CO2 emissions, operating 5 nuclear units, 31 hydroelectric and 2 photovoltaic power plants.
The company's commitment to producing electricity from low carbon sources positions it as a leader in sustainable energy production in Central and Eastern Europe. The company has been included three times in the prestigious Europe's Climate Leaders index, prepared since 2021 by the Financial Times and Statista.
Slovenské elektrárne, a.s. has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH), owning a 66%. In SPH, 50% of the share capital is owned by the Czech energy group Energetický a průmyslový holding (EPH), and the remaining 50% is owned by Italy's largest electric company Enel. Slovak government controls 34% of SE.
In December 2024, Enel and EPH signed an agreement through which EPH, as foreseen by the “early call option”, will purchase the 50% of the share capital, currently held by Enel in SPH. The closing of the transaction, expected to occur in the first half of 2025, is subject to certain conditions precedent, including regulatory approvals.
Slovenské elektrárne, the largest power generating company in Slovakia, has successfully entered into a new €3.6 billion Term and Revolving Facilities Agreement with a syndicate of international banks. This is the largest corporate debt refinancing in Slovakia to date.
Lenders under the Term and Revolving Facilities Agreement have committed to provide funding to Slovenské elektrárne in an aggregate amount of €3.6bn equivalent split across €1,665m of amortizing 3-year term loan, €1,665m bullet 5-year term loan and a €250m 2-year revolving credit facility. The proceeds will primarily be used to refinance existing senior and subordinated indebtedness and fund general corporate purposes, including working capital.
Branislav Strýček, Chairman of the Board and CEO of Slovenské elektrárne, commented:
"This means we will pay lower interests, and our collateralized assets will be liberated. The refinancing is a clear sign of the banks' confidence in our Company. It is the best endorsement we can receive when financial institutions demonstrate the robust trust in our Company's stability and prospects, particularly given our predominant focus on nuclear power generation. Completing the nuclear power plant Mochovce 4 is the Company's primary short-term objective."
UniCredit acted as Global Coordinator and Agent, with A&O Shearman serving as Slovenské elektrárne’s legal advisor and Clifford Chance as lenders’ counsel.
Slavomír Beňa, Deputy CEO of UniCredit Bank, commented:
"UniCredit is honoured to have acted as Global Coordinator and Agent for this landmark transaction, which stands as the largest deal of its kind in the history of Slovakia. This achievement underscores our commitment to deliver innovative financial solutions and highlights our position as a leader and a trusted partner in supporting major transformational projects for our clients and the region’s economic growth and sustainability."
Michele Amadei, UniCredit Head of Corporates CEE, commented:
"Our role as Global Coordinator confirms our status as a leading bank in Central and Eastern Europe and our ability to meet the full range of our clients’ needs with diverse and tailored solutions. This deal was a milestone for all of us and continues our excellent and long-term relationship with Slovenské elektrárne."
With over a 70% share of the total electricity produced in Slovakia, Slovenské elektrárne is the largest power generating company in the country. After shutting down its last coal-fired power plant at the end of the first quarter of 2024, Slovenské elektrárne now produces electricity free of direct CO2 emissions, operating 5 nuclear units, 31 hydroelectric and 2 photovoltaic power plants.
The company's commitment to producing electricity from low carbon sources positions it as a leader in sustainable energy production in Central and Eastern Europe. The company has been included three times in the prestigious Europe's Climate Leaders index, prepared since 2021 by the Financial Times and Statista.
Slovenské elektrárne, a.s. has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH), owning a 66%. In SPH, 50% of the share capital is owned by the Czech energy group Energetický a průmyslový holding (EPH), and the remaining 50% is owned by Italy's largest electric company Enel. Slovak government controls 34% of SE.
In December 2024, Enel and EPH signed an agreement through which EPH, as foreseen by the “early call option”, will purchase the 50% of the share capital, currently held by Enel in SPH. The closing of the transaction, expected to occur in the first half of 2025, is subject to certain conditions precedent, including regulatory approvals.
Slovenské elektrárne started the cold hydro test of Unit 4 of the Nuclear power plant in Mochovce on 2 December 2024. This is an important step towards the commissioning of the plant and the first comprehensive test in which the reactor systems are in operation together with auxiliary systems. Its main objective is to demonstrate the quality, tightness and functionality of the plant's systems and equipment, including the reactor pressure vessel, piping, pumps and valves.
"Following the successful completion of the inactive functional tests, we are entering the second phase of the inactive tests of the plant commissioning process. These are the so-called staged inactive testing programmes. The first of them is the cold hydrotest of the primary circuit," said Peter Andraško, deputy project director of the Mochovce Unit 4 completion.
Unit 3 of Mochovce, which has been producing electricity since 2023, has also undergone the same tests.
"A small revision, a hot hydro test and a large revision will follow, which will end the inactive tests. Once the fuel loading application is approved by the Nuclear Regulatory Authority of the Slovak Republic, we will load nuclear fuel into the reactor and start active tests," explained Martin Mráz, director of completion and commissioning of systems at Mochovce Unit 4.
Both Unit 3 and Unit 4 have an installed capacity of 471 MW and together will cover approximately 26 % of electricity consumption.
More than 70 % of all electricity produced in Slovakia comes from Slovenské elektrárne. Thanks to its 5 nuclear units and 31 hydroelectric power plants, and after shutting down its coal-fired facilities, the company generates 100 % of electricity free of direct CO2 emissions. The company was repeatedly included in the prestigious Financial Times: Europe’s Climate Leader index since it was introduced in 2021.
The company has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH) owning the 66.0000000523 % share of the registered capital. 50 % share of the registered capital in SPH is owned by EP Slovakia B.V. (a daughter company of the EPH Group) and the other 50 % is owned by Enel Produzione S.p.A (a daughter company of the Enel Group).
The minority shareholder of Slovenské elektrárne with the 33.9999999477 % share of the registered capital is the Slovak Republic represented by the Ministry of Economy of the Slovak Republic.
The signing of the contract follows a Memorandum of Understanding that was signed by Slovenské elektrárne and Framatome in May 2023, which created the basis for further development of long-term relations in the field of nuclear energy.
The aim of the agreement is a diversification of nuclear fuel supplies for the power plants of VVER 440 design in Slovakia. First fuel deliveries from Framatome, based on the proven, reliable, and efficient fuel used by the European VVER reactors, are expected in 2027.
„Securing contract with one of the world´s leading nuclear fuel supplier for our power plants is an important step in strengthening Slovakia’ energy security. Our nuclear power plants represent an important pillar in our country's energy mix, therefore I consider it to be crucial to secure nuclear fuel supply diversification for their stable operation.“
Branislav Strýček, Chairman of the Board and General Director of Slovenské elektrárne, a.s.
„This contract marks a new milestone in the longstanding and fruitful cooperation between Framatome and Slovenské elektrárne. We are pleased to contribute to the diversification of Slovakia’s fuel supply and to the safe, reliable, and uninterrupted operation of the Bohunice and Mochovce nuclear power plants.“
Lionel Gaiffe, senior executive vice president of the Fuel Business Unit at Framatome
More than 70 % of all electricity produced in Slovakia comes from Slovenské elektrárne. Thanks to its 5 nuclear units and 31 hydroelectric power plants, and after shutting down its coal-fired facilities, the company generates 100 % of electricity free of direct CO2 emissions. The company was repeatedly included in the prestigious Financial Times: Europe’s Climate Leader index since it was introduced in 2021.
Framatome is an international leader in nuclear energy recognized for its innovative, digital and value added solutions for the global nuclear fleet. With worldwide expertise and a proven track record for reliability and performance, the company designs, services and installs components, fuel, and instrumentation and control systems for nuclear power plants. Its more than 18,000 employees work every day to help Framatome’s customers supply ever cleaner, safer and more economical low-carbon energy. Framatome is also present in Slovakia with over 100 employees and has supplied the instrumentation and control system for the new nuclear units at Mochovce 3 and 4.
As a member of the executive team at Slovenské elektrárne, Richard Davis will be also be responsible for further strengthening our nuclear safety culture, developing our plant leadership teams, and ensuring the implementation of industry best practices at our plants.
Prior to the role of CNO within Slovenské elektrárne, Mr. Davis served as an Advisor to the Deputy Chief Nuclear Officer where he was responsible for the development of an organizational improvement plan designed to further improve our nuclear power plant operations. R. Davis has a broad background within the nuclear industry and over 35 years of commercial nuclear power plant experience, most recently at the Barakah Nuclear Power Plant in the United Arab Emirates, where he served in multiple advisory and leadership roles during construction and power operations including Vice President of Security and Plant Manager for unit 3/4.
He has experience working with the World Association of Nuclear Power Operators (WANO) as a loaned employee with the Institute of Nuclear Power Operations (INPO), where he developed a fundamental respect for the need to continually assess station performance against industry best performers. Richard Davis has successfully led efforts to improve organizational safety culture at multiple plants during his career. These experiences will allow him to support improvements in Slovak nuclear power plants and support Slovenské elektrárne as it continues to pursue higher standards of excellence.
Richard Davis received a Bachelor of Science Degree in Management and Organizational Leadership from Milliken University and a Master of Business Administration Degree (MBA) from Pennsylvania State University. Mr. Davis completed the Senior Reactor Operator Management Certification at Clinton Power Station and he obtained certification within the National Registry of Radiation Protection Technologists.
The prestigious British economic daily Financial Times ranks Slovenské elektrárne among the top companies from all over Europe that protect the climate and radically reduce emissions, and thus are listed in the Europe's Climate Leader 2024 ranking. The Slovakia’s largest power producer ranked among the climate elite already for the third time – in 2021, 2022 and also in 2024.
The newspaper has gradually extended the list; there were 300 companies in it in 2021 and as much as 600 companies qualified in 2024. They were the best in reducing greenhouse gas emissions compared to their sales in the last 5 years. In the period 2017 – 2022, Slovenské elektrárne reduced their emission intensity by as much as 45 %, thus they prevented release of more than one million tons of CO2 emissions. Slovenské elektrárne achieved the largest reduction especially in the last two years.
“Climate protection is our priority and it gives us satisfaction that also the world and London’s Financial Times perceive us this way. The list evaluates achievements from the past, but we are looking ahead where we can see our company generating one hundred percent of electricity without direct carbon dioxide emissions. Our vision has been changing to reality because we definitively terminated coal combustion in Nováky in December and in Vojany in March.”
Branislav Strýček
Chairman of the Board of Directors and General Director of Slovenské elektrárne
Thanks to its low-carbon sources – nuclear and water, the largest electricity producer in Slovakia delivered as much as 96.5 % of electricity without CO2 emissions in 2023. Then, as they phased out the coal burning power plant in Nováky at the end of 2023 and the power plant in Vojany in the beginning of this year, Slovenské elektrárne has been generating 100 % of electricity without direct CO2 emissions. A significant ecological effect was reached by the commissioning of the third unit in Mochovce that saves up to 2.6 million tons of carbon dioxide emissions per year. So it is comparable to the disappearance of a million cars with internal combustion engines from the roads.
After launching Mochovce Nuclear Power Plant Unit 3, Slovenské elektrárne intensively focus on the completion of Unit 4. At the same time, the company prepares also other projects. Their importance is growing as weather-depending renewable resources are on increase in the European grid. For example, it includes battery energy storage systems at power plants in Dobšiná, Mikšová, and at the most powerful pumped-storage power plant of Čierny Váh, as well as in the site of the former coal power plant in Nováky. There should also be located the currently biggest photovoltaic power plant in Slovakia, with a capacity of 10 MWp.
Slovenské elektrárne is also participating in the international Phoenix project that should draft a feasibility study on small modular reactors in one of five identified localities in Slovakia.
In 2023, thanks to the mix consisting mainly of nuclear and hydro, Slovenské elektrárne delivered as much as 96.5 % of electricity without direct CO2 emissions. They generated 21.660 terawatt hours of electricity, out of that, the net delivery was 19.570 TWh after the home consumption deduction.
Our five nuclear units generated 18.344 TWh and delivered almost 16.967 TWh to the grid in the last year. The last time when more than 18 TWh was generated from nuclear in Slovakia was in 2006 when six nuclear units were operated. They generated 2,058 GWh of electricity in their 31 hydro power plants.
The brown coal power plant in Nováky was decommissioned by the company in December 2023 and the black coal power plant in Vojany at the end of March 2024.
The company has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH) owning the 66.0000000523 % share of the registered capital. 50 % share of the registered capital in SPH is owned by EP Slovakia B.V. (a daughter company of the EPH Group) and the other 50 % is owned by Enel Produzione S.p.A (a daughter company of the Enel Group).
The minority shareholder of Slovenské elektrárne with the 33.9999999477 % share of the registered capital is the Slovak Republic represented by the Ministry of Economy of the Slovak Republic.
Representatives from the companies Energoatom, Fortum, ČEZ, Kozloduy NPP, MVM Paks, and Slovenské elektrárne, a.s. were exchanging their experience on how they proceed in implementing the fuel from the Westinghouse company for the operated reactors VVER-440 and VVER-1000.
“Nuclear fuel diversification is essential for increasing energy security and stable operation of our nuclear power plants. Extensive participation at the forum on nuclear fuel in Bratislava is a proof of commitment to implement this objective as soon as possible.”
Branislav Strýček, Chairman of the Board of the Board of Directors and General Director of Slovenské elektrárne
The Westinghouse company, as the APIS project leader (Accelerated Program for Implementation of secure VVER fuel Supply), financed by the European Commission, presented latest information on development and construction of the new generation fuel and the intention to harmonise the access to the licensed VVER fuel.
“We are delighted to share the achievements of this key program to ensure energy security and supply diversification for our customers in the region. There were many great achievements in the past years and still a lot of work ahead of us.”
Tarik Choho, Westinghouse President of Nuclear Fuel
The significance of the forum, which was held at the headquarters of Slovenské elektrárne in Bratislava was highlighted by the presence of Stefano Ciccarello, Acting Director General of the Euratom Supply Agency.
Detailed reviews included information on strategy and process of fuel implementation, new fuel designs, upgrade of the production plant, supplies and NPPs operation.
The Ukrainian company Energoatom has been currently testing the first fuel load from Westinghouse company in their VVER unit at Rivne nuclear power plant.
Slovenské elektrárne concluded an agreement on fuel supplies with the Westinghouse company in August last year. The first fuel supplies, which are the subject of the agreement, are expected approximately one year after getting an approval for its use in compliance with the applicable legal regulations in the Slovak Republic.
The fuel, which will be supplied by the Westinghouse Electric Sweden AB company, must first pass the licencing process, i.e. approval for its use in the conditions of reactors at Slovenské elektrárne, where it must be proved that its use would be safe.
The corner-stone of the diversification strategy of Slovenské elektrárne is to support every initiative and cooperation in order have a portfolio of at least two alternative nuclear fuel suppliers and several potential suppliers of materials and services across the entire supplier chain for nuclear fuel production. Therefore, Slovenské elektrárne have actively joined all initiatives aimed at gradual diversification of fuel supplies for VVER 440.
The Westinghouse company has more than 60 years of experience in nuclear power industry, its technology is a foundation of almost half of all nuclear power plants in the world. Westinghouse has been providing services for several years for VVER reactors, until now mainly for the VVER 1000 design.
On Thursday, 9 November, Slovenské elektrárne, the Ministry of Economy of the Slovak Republic and the US Department of State held the opening event of the Project Phoenix Workshop in Bratislava Reduta. Slovakia, the Czech Republic, and Poland were presented this summer as the winning countries to receive a Project Phoenix grant to fund a feasibility study of small modular reactors. The project, which aims to promote a shift away from coal combustion, was supported by the US government with up to USD 2 million for each country.
Thanks to the feasibility study, it will be possible to assess the suitability of small modular reactors in Slovak conditions and to propose steps for their possible future construction.
"We will take a closer look at five Slovak sites for the possible future construction of small modular reactors, namely the site of the existing nuclear power plants Jaslovské Bohunice and Mochovce, the site of the Nováky and Vojany thermal power plants and the site of U.S. Steel. On behalf of the Slovak representatives in the Phoenix consortium, I can say that this is the beginning of an important cooperation with our American partners, with the aim of strengthening energy security and fulfilling our commitment to clean and reliable energy production. This success is an important first step, but we still have a lot of work ahead of us," said Branislav Strýček, Chairman of the Board of Directors and CEO of Slovenské elektrárne, a. s., at the joint press conference.
"The past year reminds us that energy security is a key component of ensuring national security. I’m happy that the Department of State and private industry are partnering with the governments and companies of this region to find solutions that directly support countries and companies’ energy, environmental, and economic goals,“ said Guatam A. Rana, US Ambassador to Slovakia. The programme reckons that small modular reactors are a stable and carbon-free alternative to coal-fired power generation and are safer and more flexible than large nuclear reactors.
"The study will analyse the costs of construction and operation of a small modular reactor and prepare an overall schedule for the permitting process and construction," explained Deputy Prime Minister and Slovak Economy Minister Denisa Saková. She stressed that the grant application was the first step in the implementation of the partnership defined in the Memorandum of Cooperation signed in June 2023 by Slovenské elektrárne, the Ministry of Economy of the Slovak Republic, U.S. Steel Košice, the Slovak electricity transmission system operator SEPS, the nuclear power engineering company VUJE, the Nuclear Regulatory Authority of the Slovak Republic and the Slovak University of Technology in Bratislava.
Project Phoenix was introduced by US Presidential Climate Envoy John Kerry at the UN Climate Change Conference in Sharm El-Sheikh, Egypt (COP27). The name is symbolic and refers to the mythical Phoenix, a bird known for its cycle of death and rebirth. According to legend, when Phoenix reaches the end of its life, it burns to ashes, from which a new Phoenix is then born. In the context of this project, it symbolises the transformation of coal-fired power plants into plants using small modular nuclear reactors. Thus, just as Phoenix rises from the ashes, these power stations should undergo a radical change, and replace polluting coal-fired power generation with clean, carbon-free power generation in small modular nuclear reactors.
The project will be implemented under the U.S. Department of State's FIRST (Fundamental Infrastructure for Responsible Small Modular Reactor Technology) program in partnership with the U.S. Department of Commerce's SMR PPP (Small Modular Reactor Public-Private Program). This programme aims to promote transatlantic cooperation in the deployment of small modular reactors in Europe and Eurasia.
Approximately 70% of all electricity generated in Slovakia comes from Slovenské elektrárne. Thanks especially to its nuclear power plants, Slovakia’s largest producer supplies up to 95% of electricity without emitting carbon dioxide, one of the greenhouse gases responsible for global warming. The company was the only one in Slovakia and Eastern Europe to be included in the prestigious index Financial Times: Europe’s Climate Leader 2022 for reducing emissions.
Seven out of ten Slovaks support nuclear energy. Some 60% think that generating electricity at a nuclear power plant is safe. This is shown by the results of a poll by the ACRC agency for the Slovak Foreign Policy Association and Slovenské elektrárne, conducted at the turn of June and July 2022.
In addition to nuclear power plants, the company also operates 31 hydroelectric, two coal and two photovoltaic power plants. In the end of 2022, its total capacity was 4143.8 megawatts.
The company has two shareholders. The majority shareholder is Slovak Power Holding B.V. (SPH), owning 66.0000000523% of the registered capital. A 50% stake in the registered capital of SPH is owned by EP Slovakia B.V. (a subsidiary of the EPH Group) and the remaining 50% is owned by Enel Produzione SpA (a subsidiary of the Enel Group).
Slovenské elektrárne’s minority shareholder, with a 33.9999999477% share in the registered capital, is the Slovak Republic, represented by the Ministry of Economy of the Slovak Republic.
