Nuclear power plant Paks upgrade will be completed on time

The construction of two new reactor blocks of Hungary’s sole nuclear power plant in Paks will be completed on time without any technical or safety compromises, the minister in charge of the upgrade project told parliament’s economic committee on Thursday.

Rosatom, the general contractor for the Paks project, is treating the upgrade as a priority project, the company managing the Paks upgrade quoted János Süli as saying in a statement.

In his briefing to a special session of the committee held in Paks, Süli said one of the most important tasks in connection with the project was compiling the request for the implementation permit.

In response to questions from MPs, the minister without portfolio emphasised the importance of nuclear safety, saying that there would be no compromises on the project’s technical aspects.

He noted that

Hungary had signed a fixed-price contract for the power plant’s expansion and that the European Commission has determined that the construction of two new blocks will be a profitable enterprise.

The Hungarian and Russian parties involved in the project are both working to ensure that the share of Hungarian suppliers involved in the upgrade reaches 40 percent.

Hungary signed an agreement with Moscow in January 2014 on the construction of two blocks at the Paks nuclear power plant by Russia’s Rosatom.

Russia has agreed to lend Hungary 10 billion euros to cover 80 percent of the project’s costs.

Photo: MTI

Source: MTI