Hungary to speed up Paks expansion!

Hungary will speed up the expansion of the Paks nuclear power station and solar energy investments in order to make 90 percent of electricity production carbon neutral by 2030, Foreign Minister Péter Szijjártó said on Friday.

Szijjártó told Indian public media in Delhi that in an effort to speed up solar energy investments Hungary has joined the International Solar Alliance founded by France which aims to promote the implementation of technologies and investments for solar energy use.

“The same way as India places great emphasis on nuclear energy, we in Hungary will speed up the construction of the Paks nuclear power station so that it can start operations by 2030

and we will speed up our solar energy investments in order to ensure that nuclear energy and solar energy together enable us to make electricity production carbon neutral by 2030,” he said.

Szijjártó, who earlier in the day attended an India-Hungary business forum, noted that India’s was the sixth largest economy in the world and achieved “incredible economic growth” in recent years.

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Hungary’s economy has also benefited from the fast growth of India because several Indian company groups carried out considerable investments in Hungary, employing several thousand people, while Hungarian companies were increasingly successful on the Indian market.

Trade between the two countries broke a “massive record” last year, nearing 1 billion dollars for the first time in history, following 26 percent increase, he said.

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Source: MTI