Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros

Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros.

The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance, Kruno Abramovic, said in a statement.

The Krsko NPP operates a Westinghouse pressurised light water reactor of 2,000 MW thermal power capacity. The operating company, Nuklearna elektrarna Krsko is co-owned by Gen-Energija and Croatian power utility Hrvatska Elektroprivreda.

The financing costs are not included in the calculation and in the case of a weighted average cost of capital (WACC) of 2% in real terms, the average price of electricity from the power plant should be 66 euro per MWh, while for WACC of 3%, it should be 81 euro per MWh, Gen-Energija said, seenews reports.

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