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Slovakia signs MOU with American investor

Xinhua, February 26, 2016 Adjust font size:

Slovak Economy Minister Vazil Hudak and Finance Minister Peter Kazimir signed a memorandum of understanding with American investor Theta Energy Group (TEG) at Vojany thermal power plant (EVO) in Eastern Slovakia on Thursday.

TEG is planning to create 800 permanent jobs at the plant in the village of Vojany. The company plans to invest, modernize, develop and create local sources of permanent and safe energy supplies in the form of electricity and heating.

"It's an innovative company that is working with many suppliers. Their vision is to transform EVO into a power plant that will produce clean energy," stressed Kazimir.

The memorandum is divided into two parts - one is to modernize the EVO, the second is a development of an energy innovation center and technology park at an agreed location in Slovakia.

TEG will bring technology and know-how to the table. EVO is run by energy utility Slovenske Elektrarne, of which Italian Enel is a majority owner and the state has a 34-percent share. Endit