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8270 Krsko, SI-8270 Krsko

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Looking back

Fund for Financing Decommissioning of the Krsko Nuclear Power Plant and Disposal of Radioactive Waste from the Krsko NPP (Fund) was founded in December 1994. Its establishing Act represents the starting point of a comprehensive approach towards financing the decommission of the NPP and permanently solving radioactive waste as well as spent fuel disposal. Tackling this legal void has brought to the fore the issue of the necessary resources collection, which is entrusted to an independent financial institution - the Fund - and placed under the supervision of the Slovenian executive, legislative and judicial power.

Basing its activities on the adopted legal framework, the Fund began functioning in 1995 and monthly deposits to the Fund were made by the NPP. The legislative provisions stipulated that the Fund is to collect resources in the form of a special levy from the disparity between the production and market price of every kilowatt-hour of electricity, produced in the NPP and sold in Slovenia. The Fund's central mission is to enrich these resources by means of prudent investment and thus gradually guarantee the collection of all resources, needed for the fulfillment of its goals.

Of major importance in the Fund's sphere of activity was also the conclusion of the Contract between the Government of the Republic of Slovenia and the Government of the Republic of Croatia on the regulation of status and other legal relations connected to investment in NPP, its exploitation and decommissioning, which insists on the need for both countries (who are each 50% owners of the NPP) to guarantee half of the necessary resources each - through deposits into each state's special fund.

With the year 2004 the depositor of the resources in the Slovene Fund became the company ELES GEN, later to become GEN energija. Thus an energy company and the successor in title of Slovenian investors into the Nuclear Power Plant Krsko took upon itself the responsibility to maintain regular deposits to the Fund.

The Act governing the Fund was amended last on 24. June 2008. The changes provide for the Fund to successfully accept the role of a good manager and is as such responsible for the collected funds to be spent for what they are intended. With the beginning of the building process for the LILW repository the Fund is moving into a period of increased investment and the changes to the said Act bestow upon the Fund more clearly the right and duty of control over the expenditure of the collected funds.
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