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Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says

Published by Global Banking & Finance Review

Posted on June 17, 2025

2 min read

· Last updated: January 23, 2026

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Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says
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(Reuters) -Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday.

Slovakia Approaches Agreement with US for Westinghouse Nuclear Reactor

(Reuters) -Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday.

Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet growing consumption. The government approved plans last year for a new unit owned by the state and operational by 2040.

Fico told a news conference that an agreement between the Slovak and U.S. governments was being prepared and that his government was waiting for the final U.S. position.

"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," he said.

"It is a huge investment. We are talking about a new unit with output of 1,250 megawatts." He did not say how much the deal would be worth.

Slovakia's economy ministry last year estimated costs could run up to 10 billion euros ($11.57 billion).

Slovakia's electricity production surpassed its annual consumption in 2023 after Slovenske Elektrarne completed the 472 MW nuclear power Unit 3 at the Mochovce plant. Slovenske Elektrarne is majority owned by Czech energy holding company EPH and the state has a 34% stake.

It is now completing another reactor at the same site and also operates two 505 MW units at the Bohunice plant.

($1 = 0.8645 euros)

(Reporting by Jason Hovet in Prague; Editing by Susan Fenton)

Key Takeaways

  • Slovakia is nearing a deal with the US for a new nuclear reactor.
  • Westinghouse is set to build the reactor at Jaslovske Bohunice.
  • The reactor will have an output of 1,250 megawatts.
  • Slovakia aims to expand its nuclear capacity by 2040.
  • Estimated costs for the project could reach 10 billion euros.

Frequently Asked Questions

What is the purpose of the deal between Slovakia and the US?
The deal aims for U.S. company Westinghouse to build a new nuclear reactor in Slovakia to expand the country's nuclear power capacity.
How much output is the new nuclear unit expected to have?
The new nuclear power unit is expected to have an output of 1,250 megawatts.
What is the estimated cost of the nuclear reactor project?
Slovakia's economy ministry estimated that the costs for the project could run up to 10 billion euros, approximately $11.57 billion.
How many nuclear reactors does Slovakia currently have?
Slovakia currently has five nuclear reactors operating at two plants.
What recent development has occurred in Slovakia's nuclear production?
In 2023, Slovakia's electricity production surpassed its annual consumption after the completion of the 472 MW nuclear power Unit 3 at the Mochovce plant.

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