Europe > Southern Europe > Slovenia > Slovenia, costs of Sostanj power plant up

Slovenia: Slovenia, costs of Sostanj power plant up

2013/06/05

the cost of the majority ambitious project in the Slovenian energy sector, bloc 6 of the thermal power station of Sostanj (Tes) has risen in the majority recent estimates from 1,3 to 1,44 billion euros, according to Blaz Kosorok, CEO of Holding Slovenske Elektratne (HSE), the holding managing Tes.

HSE and Tes are currently looking for investments to complete the project. Slovenia has invested a lot of of its resources in the energy sector for the construction of Tes' bloc 6 which, once completed, should have a significant impact on energy production in Slovenia. Costs have increased significantly during the construction phase, rising from an initial estimate of 700 million euros to 1,3 billion until today's 1,44 billion. 

Related Articles
  • Euro-Mediterranean virtual energy university endorsed

    2016/01/12 Five North African nations – Algeria, Egypt, Mauritania, Morocco and Tunisia – along with 38 European and Mediterranean states stand to benefit from a new initiative to set up an ‘energy university’ that will provide free, specialised education for energy professionals via an online platform. Senior officials of the 43 member states of the Union for the Mediterranean, or UfM, endorsed the new university during a conference in Barcelona, Spain, that was held next a high-level UfM conference entitled “Towards a Common Development Schedule for the Mediterranean” on 26 November.
  • Finance Minister of the Year 2016

    2016/01/10 Finance Minister of the Year 2016 awards celebrate the officials that have best managed to stimulate increase and stabilise their economy. Global and Asia-Pacific Ram Sharan Mahat, former finance minister, Nepal Ram Sharan Mahat receives The Banker’s World and Asia-Pacific Finance Minister of the Year awards for his exemplary work in the aftermath of the two disastrous earthquakes that hit Nepal in 2015 and in pushing for reforms to improve governance in the country’s ministry of finance.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Revised IMF forecasts signal gloom on global economic outlook

    2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.