4.2.2 Financial sources for decommissioning and RAW disposal and treatment programs

Act No. 254/1994 Coll.LL. established, ( effective of 1 January, 1995), State Fund for Decommissioning of Nuclear Power Generating Installations and Treatment of Spent Nuclear Fuel and Radioactive Wastes (SNIDF). By 1 April 2000 Act No. 78/2000 Coll.LL. became effective, that amended and supplemented Act No. 254/1994 Coll.LL. The main objective of the amendment to the Act was to extend the options of using the Fund.
The Fund is managed by the Ministry of Economy of the Slovak Republic, and its funds are kept on a special account of the National Bank of Slovakia. The Fund is generated from the following sources:

• contributions of owners of power generating nuclear facilities,
• sanctions imposed by ÚJD upon natural persons and legal entities pursuant to a separate regulation,
• bank loans,
• interest for the funds deposited at the bank,
• subsidies from State Budget,
• other sources.

Contributions of owners of power generating nuclear facilities represent the principal source of the Fund. In accordance with the provisions of the Act, the operator of power generating nuclear facilities, Slovenské elektrárne, a.s. is responsible to make payments to SNIDF in amounts equal to 10% of all revenues from sales of electric energy generated from nuclear sources. The revenues of SNIDF amounted to Sk 8.995 bn within 1995 through the end of 2000. The operatorś contribution in 2000 and government subsidy being Sk 2.3 bn and Sk 60 mil. respectively.

The Fund may be extended as earmarked subsidy to owners of power generating nuclear installation to owners of spent nuclear fuel and radioactive wastes repository, to persons authorized to treat radioactive waste whose generator is unknown, or to municipalities within the area at risk by nuclear installation, based on written application containing technical and economical reasoning . Money from the Fund may be used for:

1. decommissioning of nuclear installations,
2. treatment and conditioning of spent nuclear fuel and radioactive wastes following the closure of nuclear installation,
3. treatment of radioactive waste whose generator is unknown,
4. payments towards the protection of health and life of the population, protection and development of the environment in municipalities in areas at risk by nuclear installations, at 1% of the sale price of electricity generated in nuclear power plants for every area at risk by nuclear installation,
5. acquisition of land to establish radioactive wastes and spent nuclear fuel repository,
6. expenditures connected with the activities of the Fund, up to 0.3% of the Fund revenues,
7. research and development in the field of decommissioning of nuclear installations and treatment of spent nuclear fuel and radioactive waste after decommissioning of the nuclear installation .

SE, a.s. presently stores all spent fuel from Bohunice WWER units at the interim spent fuel storage facility (ISFSF) at SE-VYZ - at the Bohunice site. ISFSF was upgraded to increase its storage capacity and seismic resistance. The capacity was gradually increased by replacing original containers for new ones, and is sufficient to store all spent nuclear fuel generated during the operation of NPP Bohunice V-1 and NPP Bohunice V-2 units. The replacement is expected to be completed by 2007, and a new monitoring system is expected to be in place by the same time. Improvement of seismic resistance of the structural and technological parts followed the project in 1999. The planned costs of the whole project financed from SNIDF amounted to approx. Sk 2.8 bn.