Iceland’s Enex to buy a power plant in Slovakia? Skip to content

Iceland’s Enex to buy a power plant in Slovakia?

Icelandic energy company Enex plans to buy the leading stake in a Soviet-era coal-powered power plant in Kosice, Slovakia’s second biggest city, and will help transform it into a geothermal plant.

Lárus Elíasson, managing director of Enex, said his company is one of many hoping to acquire a leading stake in the power plant and that the price has yet to be agreed on, Fréttabladid reports.

“I think people are getting rather hopeful, but nothing is certain until it is certain,” Elíasson said.

Enex has participated in three development projects in smaller cities in Slovakia, which will be united with the power plant project if agreements prove successful.

The Kosice power plant project is estimated to cost EUR 60 million (USD 81 million) and Elíasson said Enex is prepared to contribute with EUR 11 to 14 million (USD 15 to 19 million).

“This is a huge project and [the power plant] will, apart from [the plant in] Reykjavík, probably become the largest geothermal power plant in Europe,” Elíasson said.

Elíasson said the situation in Slovakia is ideal in many aspects.

He explained the water in the ground is between 80 and 150°C. The houses in Kosice are already heated with water, but until now the water has been heated with coals. It is believed the change to geothermal water will be easy.

The power plant provides 170,000 to 180,000 inhabitants of Kosice (pop. 300,000) with heating.

Companies that own a share in Enex include Geysir Green Energy, Iceland’s National Energy Company (Landsvirkjun), Reykjavík Energy Company (OR) and the Icelandic Drilling Company.

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