• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
Nuclear power plant Paks upgrade will be completed on timeNuclear power plant Paks upgrade will be completed on timeNuclear power plant Paks upgrade will be completed on timeNuclear power plant Paks upgrade will be completed on time
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Daily News Daily News · 06/07/2018
· Business

Nuclear power plant Paks upgrade will be completed on time

European Commission Paks nuclear plant project Russia

#Russia has agreed to lend #Hungary 10 billion euros to cover 80 percent of the project's costs #nuclear #power #plant #Paks

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

European Commission Paks nuclear plant project Russia
Share
Daily News
Daily News

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • Snowstorm: Lufthansa plane almost ran out of fuel over Hungary, passengers in shock
  • What happened today in Hungary? – 3 February, 2023
  • Court: Hungary responsible for the death of a 22-year-old Syrian migrant
  • 510 EUR/month – would you work for that in Hungary as a university teacher?
  • Wizz Air considerably changed its summer schedule, ticket prices expected to grow
  • PHOTOS: you can meet with Hungarian international chess grandmaster here
  • Hungarians living in Ukraine in danger? Anti-Hungarian mood, enforced military conscriptions, atrocities
  • Orbán government moves away from Budapest

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V