Government Transfers Transmission System from SPP to Eustream
Yesterday, the government gave the official thumbs up to the transfer of the most lucrative asset of former Slovak gas monopoly Slovensky plynarensky priemysel (SPP), the gas transmission system, from the parent company to transmission system operator Eustream, which recently changed hands.
As part of a nicely designed reshuffling, the government of Robert Fico essentially approved the transfer of the lucrative transmission lines to the company that is now run by the new shareholders from Energeticky a Prumyselny Holding, after the German and French partners to date said adieu to the business.
The move has come under some criticism, with Martin Chren from the Freedom and Solidarity Party (SaS) pointing out how Fico had changed his tune, as he was used the issue before the elections in March 2012, even referring to it as theft of state assets (valued at around EUR 2.4 billion). Chren therefore says Fico was lying and is not to be trusted.