CEZ says still hopes will take over Slovenske elektrarne

The Czech power producer CEZ said it still hoped to succeed in purchasing a 66-percent state-held share in the Slovak power utility Slovenske elektrarne. The Slovak Economy Minister Pavol Rusko should submit his proposal to the cabinet on Friday or early next week. The cabinet will then decide on the winner of the tender. Two weeks ago a steering committee recommended Italy's Enel with a bid worth 840 million euros as the winner ahead of CEZ with 690 million euros and Russia's Inter RAO with 547 million euros. Slovenske elektrarne controls over 85 percent of Slovak power production. It runs three nuclear and two thermal power stations and 34 hydroelectric power sources.