popular articles

Slovenia’s JEK2 Nuclear Project Estimated Between EUR 9.5 and 15.4 Billion

The JEK2 nuclear project in Slovenia could cost between EUR 9.5 and 15.4 billion according to an independent review. The Prime Minister plans a referendum in 2024 before a final decision expected in 2028.

Please share:

The JEK2 project, aimed at developing new nuclear capacity in Slovenia, has recently undergone a financial review. This independent analysis, conducted by Ernst & Young, estimates the total cost to be between EUR 9.5 and 15.4 billion, depending on the size of the reactors considered.

A Detailed Cost Analysis

GEN energija, the company responsible for the project, confirmed that the estimated costs align with industry standards and recent research. However, experts have emphasized the importance of strengthening risk analysis in the upcoming decision-making phases.

The cost range varies depending on the size of the reactors. A 1000 MW reactor would cost approximately EUR 9.5 billion, while a larger unit, at 1650 MW, could reach up to EUR 15.4 billion. These figures exclude financing costs but provide a clear indication of the investment required to complete the project.

A Strategically Important Project for Slovenia

The JEK2 project is part of a strategy to strengthen Slovenia’s energy independence. Currently, the Krško nuclear power plant, which produces 696 MW, provides about one-third of the country’s electricity. Developing the new unit would not only stabilize the national grid but also reduce electricity imports and potentially allow for energy exports.

Next Steps: The National Referendum

Slovenian Prime Minister Robert Golob announced that a referendum would be held by the end of 2024 to consult the public on this project. The final investment decision is expected in 2028, with construction possibly starting as early as 2032, according to the current schedule.

The project could play a key role in achieving the country’s climate goals while ensuring long-term energy stability, a crucial necessity for the energy transition.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Japanese operator Tepco has completed the extraction of a second radioactive debris sample from the damaged Fukushima reactor, a critical technical step in a decommissioning project set to span several decades.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
US-based enCore Energy continues to optimise its uranium project in Texas with a record installation rate and strengthened leadership team.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
Framatome has commissioned a new facility in Romans-sur-Isère to secure long-term production of research reactor fuels and medical isotopes.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
EDF reconnected the Flamanville EPR nuclear reactor to the power grid on 19 April, two days ahead of schedule, following a series of technical maintenance works and adjustments on critical components.
TerraPower has informed the UK regulator of its intention to submit the Natrium reactor design for evaluation under the Generic Design Assessment (GDA) process, the first step toward international deployment of this nuclear technology.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Framatome and Sizewell C have signed a contract for the supply, qualification, and pre-assembly of conventional instrumentation for the EPR reactors under construction at Sizewell, strengthening their collaboration on this large-scale project.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Uzbekistan has launched the construction of auxiliary buildings for its future modular nuclear reactor, the first export project for the Russian RITM-200N technology.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
Holtec International has submitted its final proposal to Great British Nuclear as part of the competition to deploy several small modular reactors in the UK, joining GE Hitachi and Rolls-Royce SMR in the decisive phase.
The restart of the Flamanville EPR reactor, initially scheduled for 17 April, has now been postponed to 21 April following extended maintenance operations, according to a statement from Électricité de France.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
EDF announced on April 10 the extension of the shutdown of the Flamanville EPR nuclear reactor, initially scheduled to restart on April 12, due to new maintenance operations within its nuclear zone.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
The French National Assembly has launched a mission to analyse nuclear pricing and anticipate the effects of the 2026 tariff reform amid heightened tensions over energy costs.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
GE Hitachi and Rolls-Royce SMR have submitted their final offer as part of the modular reactor selection process led by Great British Nuclear in the United Kingdom.
Washington and Abu Dhabi pave the way for renewed civil nuclear cooperation, aiming to strengthen Emirati technological and energy capabilities within a complex regional strategic context.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
Duke Energy has submitted a request to the US Nuclear Regulatory Commission to extend the operation of its Robinson plant by 20 years, supporting energy stability in the Carolinas.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
India's largest power producer, NTPC, paves the way for small modular reactors to modernize its aging energy infrastructure and strengthen energy security through significant international partnerships.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF has delayed the restart of the Flamanville EPR to 11 April, citing a new maintenance operation, while keeping its 2025 production forecast unchanged.
EDF's plan to build a facility for recycling low-level radioactive metals in Fessenheim is raising significant concerns over health, economics and regulation.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
enCore Energy extracted 50,000 pounds of uranium in March from its Alta Mesa site in Texas, while consolidating its operations through strategic leadership appointments.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Canada's nuclear regulator has issued Ontario Power Generation a construction licence for a BWRX-300 small modular reactor at the Darlington site, marking a key step in the province’s nuclear development.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Despite severe Western sanctions targeting Russian energy, Rosatom continues its international nuclear projects and maintains a steady flow of enriched uranium to Europe and the United States, thus supporting the Russian economy through an effective diversification strategy.
Polskie Elektrownie Jądrowe has signed a development agreement with the Westinghouse-Bechtel consortium, ensuring continuity of Poland's first nuclear plant project after a previous contract expired.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
Fermi Energia has signed a strategic agreement with Samsung C&T to develop two small modular reactors in Estonia, targeting commercial operation by 2035.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
China National Nuclear Corporation mobilizes international investors and financial partners for a unique nuclear project combining two distinct technologies to simultaneously supply industrial heat and electricity, marking a new strategic step for China's energy industry.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.
Framatome and TechnicAtome have acquired Segault, a strategic nuclear valve manufacturer, thereby blocking a takeover by the American firm Flowserve following opposition from the French government.

Advertising