Rosatom in negotiations to build nuclear plant in Slovakia

The government of Slovakia and the Russian state-owned firm Rosatom reached an agreement this week to begin negotiations on building a new nuclear power plant in the eastern European country, Reuters reports.

If a deal is agreed upon, Rosatom would take over the project, which is known as JESS, from the Czech firm CEZ. CEZ is reportedly scaling back international business in order to focus on the domestic market. The remaining 51 percent stake in JESS is owned by the Slovak state-owned nuclear firm Javys.

According to Reuters, Rosatom is demanding a price guarantee in negotiations—a now common demand of nuclear plant builders intended to reduce the risk of increasingly expensive nuclear build. Initial results from negotiations are expected in June.

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