Publication Laka-library:
Financing of decommissioning of nuclear power plants in the Slovak Republic (Draft)
| Author | P.Mihok, Bankwatch |
| Date | November 2005 |
| Classification | 2.40.9.90/06 (SLOVAKIA - OTHER FACILITIES) |
| Front | 
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From the publication:
Introduction This short briefing is covering the issue of accumulation of financial resources for decommissioning of Slovak nuclear power plants (NPPs ), with focus on the nuclear power plant V1 in Jaslovské Bohunice (NPP V1) whose earlier decommissioning was a result of a pre-accession negotiations between Slovakia and European Community (EC). The briefing is aimed to help non-governmental organisations and interested public world-wide to get an overview of the situation in Slovakia and with an opinion and what should be the amount of annual contributions of NPPs into state decommissioning fund and how big should be the EC contribution for the early decommissioning of NPP V1. The briefing analyses four scenarios of different levels of levies contributed by NPPs into Slovak State Decommissioning Support Fund (SFL JEZ (1)): 1. The scenario based on the present level of levies 2. The scenario in which the level of levies is based on the presently published assessment of NPP V1 decommissioning costs 3. The "realistic" scenario, which is based on a presumption that real decommissioning costs would be approx. 50% higher than the present assessments of decommissioning costs published for the NPP V1 4. The "pessimistic" scenario, which is based on a presumption that real decommissioning costs would double the present assessments of decommissioning costs published for the NPP V1 All scenarios are introduced under "ideal circumstances" in which all NPPs would have contributed levies to SFL JEZ from January of the first year after their commissioning and under the theoretical situation that contributions would not depreciate under the factors such as inflation, rise of costs or insufficient interest on an account where they are held. Financial data are in 2005 prices. All scenarios presume completion of the two partially built blocks of nuclear power plants in Mochovce, with commissioning of both into operation in 2011. It has to be noted here that the author of the study is of an opinion that these two partially built blocks should never be completed due to possible problems with their safety (both are of a old soviet-style VVER type) and controversial financial feasibility. However, their completion is taken into account only for a reason to provide realistic assumptions, taking into account the present publicly available information which suggest that both shareholders of the Slovenské elektnirné - the Slovak Government and Italian company Enel - are in favour of their completion. Lifetime of all nuclear blocks is considered to be 40 years. (1) We are using the Slovak abbreviation (SFL JEZ- Státny fond likvidácie jadrovoenergetickych zariadení) as it is being commonly used in Governmental and other official documents
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