paks

GE Hungary has signed a 793 million euro contract on the delivery of turbines for two new blocks at the Paks nuclear power plant, according to reports in the Russian press.

GE Hungary signed the contract with ASE, a unit of Rosatom, the general contractor for the project.

A consortium led by the local unit of General Electric was reported to have won the tender to supply the turbines a week earlier.

GE Hungary, partnering with GE unit Alstom Power Systems, beat Russia’s Silovye Mashiny in the tender.

Hungary is upgrading its sole nuclear power plant with credit from Russia.

Source: MTI

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