The European Commission on Wednesday approved plans by Czech power group CEZ Bohunice and the Slovakian energy company JAVYS to build and oeprate a nuclear power plant in Slovakia.

After a thorough analysis of the threat on the market a joint venture could pose, the Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it.

CEZB belongs to the CEZ Group, which is active in the generation, distribution, sale and trading of electricity throughout the EEA, Southeastern Europe and Turkey. JAVYS is active in the treatment and disposal of radioactive waste and spent nuclear fuel and decommissioning of nuclear facilities in the Slovak Republic.

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