Settlement agreed with General Electric over TEŠ6

Ljubljana, 11 March - Slovenia's energy group HSE and its subsidiary TEŠ have reached a EUR 261 million out-of-court settlement with the US group General Electric as legal successor to French Alstom over the infamous TEŠ6 generator project, the cost of which ballooned from EUR 654 million to EUR 1.4 billion amid allegations of corruption.

TEŠ, the Šoštanj coal-fired power station, in the Savinja-Šalek region.
Photo: Daniel Novakovič/STA
File photo

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