If the government really helps to revive Slovalco, Penta and the Norwegians can share it with the state, confirms the head of the aluminum plant
Slovalco, an aluminum plant owned by Norwegian firm Norsk Hydro and financial group Penta, seeks government assistance to revive production after three years of stagnation due to high electricity costs.
In the quiet and cold halls of Slovalco / Aluminum plant in Žiar could restart smelting furnaces by the end of the year if state aid with electricity prices is finalized
The Slovak aluminum plant Slovalco is set to potentially restart its primary aluminum production by the year's end if the government finalizes electricity price support.
Fico Noticed a Real Problem at Slovalco. Refreshing, but This is Where Good News Ends
Slovak Prime Minister Robert Fico highlighted significant challenges for the energy-intensive Slovalco aluminum plant, indicating a larger issue with Slovakia's economic policies.
Fico Wants to Revive Slovalco with a Memorandum. His Promises Are Only General and Restart Is Still Uncertain
The Slovak government, led by Prime Minister Robert Fico, aims to revive the Slovalco aluminum factory, but promises made lack specificity and clarity.
Fico wants to revive the Slovalco aluminum plant, promising to subsidize its electricity, which is cheaper than when the factory was inactive
Robert Fico plans to subsidize electricity prices for the Slovalco aluminum plant for the next 10 years to encourage its revival, despite market electricity prices having decreased significantly since the plant's shutdown.