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Bank Austria withdraws from Mochovce Nuclear Plant

2012 |
By: BankTrack
2012 |
By: BankTrack

In March 2012, following pressure campaigns from BankTrack and others, Bank Austria (part of Unicredit) announced it had closed down an important credit line for the funding of the construction of the Mochovce nuclear reactors 3 & 4 in Slovakia. These reactors are Soviet-type VVER 440 2nd generation reactors, which are designed without a full containment building and cannot be upgraded. As such there is a higher probability of severe accidents and the release of radioactivity. Stopping this credit line is one more obstacle for these plants to ever be build.

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UniCredit

Italy
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Dodgy Deals
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Mochovce nuclear power plant (units 3 & 4)

Slovakia
Project
On record
Nuclear Electric Power Generation

Mochovce nuclear power plant (units 3 & 4)

Slovakia
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