Slovakia’s biggest power producer, Slovenské Elektráne, is “engaged in providing full support ” to police in an investigation into the privatization of the Slovak power producer, told to World Nuclear News the owner of this company, the italian utility Enel.
Employees and reporters said that slovakian police went at Slovenské Elektráne headquarters, searching for documents dating from the period when Slovakia sold the company to Enel, in 2004. A spokesman for the Italian utility said that this is “an action to collect archive documentation from the privatization period.”
“As disclosed by public authorities, the focus of the investigation relates to the facts occurring in the period prior to completion of the privatization of Slovenské Elektráne, namely, April 2006,” states the spokesman.
According to local media, the raids are part of work by a special unit set up at the end of June to investigate suspected “breaches of obligations in the management of assets and the misrepresentation of financial and commercial records”.
Enel owns 66% of Slovenské Elektráne, for which it paid 840 million euros. World Nuclear News writes that this transaction included that Enel has to complete construction of two additional reactors at the Mochovce nuclear power plant. The construction resumed in 2008, and it is not expected to be finished earlier that 2015.
Enel just launched a program to sell its holdings in Romania and Slovakia, including its stake in Slovenské Elektráne. Moreover, the Romanian Government filed a request to the Court of International Arbitration in Paris in which it says Enel has pay over 520 million euros for the minority stake Electrica SA holds in its former subsidiary Electrica Muntenia Sud, now owned by Enel.