Rosatom and MVM sign memorandum of understanding

State-owned energy company MVM and Russia‘s Rosatom, the general contractor the upgrade of Hungary’s Paks nuclear power plant, signed a memorandum of understanding at the international Atomexpo 2017 on Monday in Moscow.

The parties want to enhance their cooperation for servicing the Paks power plant, supplying the plant with nuclear fuel, carrying out join nuclear projects in Russia and third countries, for training specialist and for research and development initiatives, according to the MoU.

MVM chairman-CEO Péter Csiba said the companies were bound together by a past which formed a reliable basis for cooperation in old and new areas.

Rosatom deputy-CEO Kirill Komarov said more cooperation between the companies would help technological innovation.

Source: MTI