Finance
Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says
Published by Global Banking and Finance Review
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on June 17, 2025
2 min readLast updated: January 23, 2026
Slovakia is close to finalizing a deal with the US for Westinghouse to build a new nuclear reactor, enhancing its energy capacity by 2040.
(Reuters) -Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday.
Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet growing consumption. The government approved plans last year for a new unit owned by the state and operational by 2040.
Fico told a news conference that an agreement between the Slovak and U.S. governments was being prepared and that his government was waiting for the final U.S. position.
"As long as this goes through, we can move toward the signing of an intergovernmental agreement that would be aimed at having American company Westinghouse build a new nuclear power unit at the Jaslovske Bohunice nuclear power plant," he said.
"It is a huge investment. We are talking about a new unit with output of 1,250 megawatts." He did not say how much the deal would be worth.
Slovakia's economy ministry last year estimated costs could run up to 10 billion euros ($11.57 billion).
Slovakia's electricity production surpassed its annual consumption in 2023 after Slovenske Elektrarne completed the 472 MW nuclear power Unit 3 at the Mochovce plant. Slovenske Elektrarne is majority owned by Czech energy holding company EPH and the state has a 34% stake.
It is now completing another reactor at the same site and also operates two 505 MW units at the Bohunice plant.
($1 = 0.8645 euros)
(Reporting by Jason Hovet in Prague; Editing by Susan Fenton)
The deal aims for U.S. company Westinghouse to build a new nuclear reactor in Slovakia to expand the country's nuclear power capacity.
The new nuclear power unit is expected to have an output of 1,250 megawatts.
Slovakia's economy ministry estimated that the costs for the project could run up to 10 billion euros, approximately $11.57 billion.
Slovakia currently has five nuclear reactors operating at two plants.
In 2023, Slovakia's electricity production surpassed its annual consumption after the completion of the 472 MW nuclear power Unit 3 at the Mochovce plant.
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