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Investing.com -- Slovakia is close to reaching a deal with the United States for American company Westinghouse to build a new nuclear reactor in the central European country, Slovak Prime Minister Robert Fico announced Tuesday.
The planned reactor would be constructed at the Jaslovske Bohunice nuclear power plant with an output capacity of 1,250 megawatts, according to Fico. This development is part of Slovakia’s strategy to expand its nuclear power capacity to meet growing energy consumption in the coming decades.
"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," Fico said at a news conference.
The Slovak government is currently waiting for the final U.S. position before proceeding with the agreement. Fico described the project as "a huge investment" but did not disclose the potential cost.
Slovakia’s economy ministry previously estimated the project could cost up to €10 billion ($11.57 billion).
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