BRATISLAVA, March 2 Hungary and Slovakia will
bolster links between their electricity grids by 2020 under a
plan announced by operators SEPS and MAVIR that will involve
building two connectors.
Aimed at improving grid stability and boosting the European
Union's security of supply, the European Commission has deemed
the plan a 'project of common interest', the Slovak Finance
Ministry said on Wednesday.
Construction of two 400-kilovolt connectors will cost
Slovakia around 60 million euros and Hungary 20 million euros,
the statement said.
The plan will enable Slovakia's biggest utility, Slovenske
Elektrarne, whose main owner is Czech energy group EPH, to sell
power in Hungary and the Balkan countries once it completes the
extension of the Mochovce nuclear power plant, which is expected
to be online by late 2017 or 2018.
(Reporting by Tatiana Jancarikova; editing by Jason Neely)