Details of the proposed financial structure for the second unit of the NPP Krško were presented in Ljubljana at a press event hosted by Gen Energija.
According to the analysis, financing costs alone are projected at between €5–7 billion. When combined with construction and related expenses, the total investment could reach €15–22 billion. The working group concluded that the state could fully fund the project independently, assuming fiscal and macroeconomic stability is maintained throughout both construction and operational phases.
The proposed governance model envisions creating a dedicated project company responsible for permits, contracts, regulatory procedures, and financial obligations. The recommendation to the government is that ownership remain fully state-held. Gen Energija’s CEO, Nada Drobne Popović, noted that neither the financing review nor two separate technical feasibility studies required revisions to the original economic assumptions, though the final investment will be confirmed only after a contractor is selected and a contract signed, at which point the financing structure will be recalculated.
Base construction costs, excluding financing, are estimated at approximately €9.6 billion for a 1,000 MW configuration and €15.4 billion for a 1,650 MW option. Updated projections place the cost of electricity generation between €60–68/MWh, with economic viability expected at market prices of around €75/MWh.
Gen Energija’s business director, Bruno Glaser, outlined preparatory steps still required, including a probabilistic seismic safety assessment, updates to the site safety report, a cooling study, and preparation of tender documentation within the national spatial planning process. Officials from the Ministry of Natural Resources and Spatial Planning highlighted the recent formal launch of the state spatial plan procedure as a milestone, enabling coordination of planning guidelines and public input. Environment, Climate and Energy Minister Bojan Kumer emphasized transparency, noting that NPP Krško Unit 2 represents the largest infrastructure investment in Slovenia’s history. A comprehensive environmental impact assessment, including cross-border evaluation, is also planned.
A final decision on proceeding with construction is expected by the end of 2028. By then, supplier selection, financial structuring, and approval of the national spatial plan must be completed. If timelines are met, construction would begin in 2032, finish in 2039, with network connection scheduled for 2040.
