Featured image sourced from Slovenské elektrárne’s official press release
Slovenské elektrárne, a.s., Slovakia’s largest electricity producer, signed a long-term contract with the Urenco Group on July 25, 2025. British Ambassador Nigel Baker witnessed the agreement. This contract secures enriched uranium for Slovakia’s nuclear plants in Bohunice and Mochovce until the mid-2030s. It helps Slovakia diversify its nuclear fuel sources and boost energy security.
By partnering with Urenco, Slovenské elektrárne gains a trusted enrichment provider. This deal also lowers risks from geopolitical tensions and supply issues.
Branislav Strýček, Chairman of the Board of Directors and CEO of Slovenské elektrárne
“We are pleased that thanks to the future cooperation with Urenco, we will be able to ensure the diversification of our business relationships. This will significantly help us to continue to maintain the stable and safe operation of our nuclear power plants.”
Slovenské elektrárne: Leading Slovakia’s Carbon-Free Future
Slovenské elektrárne is Slovakia’s leading energy company. It generates over 70% of the country’s electricity. After shutting down the last coal-fired power plant in early 2024, it now produces electricity with zero direct CO₂ emissions.
The company’s energy mix includes nuclear, hydroelectric, and solar power. Its sustainability efforts focus on:
Energy efficiency services help businesses and homes cut energy use and CO₂ emissions. Solutions like LED lighting and smart cooling systems allow clients to make real strides toward their climate goals.
Slovenské elektrárne is 66% owned by Slovak Power Holding B.V., which is part of the Czech group Energetický a průmyslový holding (EPH). The Slovak Republic owns the other 34%. This structure provides local oversight and leverages regional expertise.
Energy Independence with Nuclear Power
Nuclear power has been central to Slovakia’s energy system for over 50 years. Slovenské elektrárne produces over 87% of the country’s electricity from nuclear sources, making it one of Europe’s leaders in low-carbon energy.
The contract followed an international tender launched in early 2024. With global geopolitical uncertainties and rising pressure on nuclear fuel markets, securing a reliable uranium partner is more important than ever. This deal with Urenco helps ensure a stable and clean electricity supply for households and industries in Slovakia.
Nigel Baker, British Ambassador to Slovakia
“In today’s world, diversification of energy supplies is crucial for national security. The long-term contract between Urenko and Slovenské elektrárne helps Slovakia achieve this goal and provides a reliable alternative for the supply of enriched uranium for the operation of the Slovak nuclear industry in the coming years. I am very pleased with this close partnership, which also helps to strengthen ties between Slovakia and the United Kingdom.”
Modern, Safe, and Efficient Nuclear Fleet
Slovenské elektrárne operates five VVER 440 pressurized water reactors—two at Bohunice and three at Mochovce. These reactors provide nearly two-thirds of the country’s electricity.
They are built with strong safety features, including thick reinforced containment structures and large cooling water reserves. The completion of new units at Mochovce has increased capacity. In January 2023, Unit 3 was connected to the grid after final regulatory approval in August 2022.
Each unit produces up to 535 MW of electricity, meeting around 13% of Slovakia’s needs. One reactor prevents about 5 million tonnes of CO₂ emissions yearly—like removing two million cars from the road.
This also strengthens Slovenské elektrárne’s resilience against nuclear fuel supply disruptions and supports its path toward climate neutrality.
Urenco: A Global Player in the Nuclear Supply Chain
Urenco, based in London, has offered uranium enrichment services for over 50 years. The company plays a vital role in the global nuclear fuel supply chain. It supports low-carbon electricity production in Europe, North America, and beyond. With enrichment facilities in Germany, the Netherlands, the UK, and the US, Urenco guarantees a secure supply for its clients.
The company aims for net-zero carbon emissions by 2040 and emphasizes strong environmental governance. Regular assessments monitor its impact on air, water, and energy use. Oversight by the UK’s Office for Nuclear Regulation ensures high operational safety standards.
Uranium Enrichment Process
Why Uranium Enrichment Is a Strategic Priority?
Uranium enrichment is a key and expensive part of the nuclear fuel cycle. This cycle includes mining, conversion, enrichment, and fuel assembly. Only a few companies worldwide can manage this process. Nuclear power operators, like Slovenské elektrárne, need reliable and varied enrichment services.
Slovenské elektrárne’s contract with Urenco Group comes at the right time when the uranium market is strained. It’s also a step toward a strong, climate-friendly energy future for Slovakia. By investing in secure nuclear fuel and focusing on sustainability, the company leads in Central and Eastern Europe.
Laurent Odeh, Chief Commercial Officer of Urenco Group
“At Urenco Group, we are very proud to be entering a new market with a new customer, and I would like to thank Slovenské elektrárne for their trust.”
As Europe moves away from fossil fuels, Slovenské elektrárne leads the way—driving innovation, providing clean power, and ensuring electricity for all in Slovakia.
