France’s Framatome will deliver fuel rods to Hungary’s Paks nuclear power plant from 2027 under an agreement signed on Friday, Attila Steiner, the state secretary for energy policy, said at a press conference in Budapest.
Steiner called the agreement, signed by Framatome and MVM Paksi Atomeromu, “an important step” from the perspective of supply security. The agreement was preceded by a memorandum of understanding signed by the Energy Ministry and Framatome in September 2023, he added.
The agreement was signed by Framatome CEO Bernard Fontana and MVM Paksi Atomerőmű CEO Peter Janos Horvath and deputy-CEO Pal Toth in the presence of Energy Minister Csaba Lantos.
Steiner said Paks had built up a significant strategic inventory of fuel rods in recent years.
Fontana said the agreement paved the way for Paks to get fuel rods in the long term in a dependable manner. Framatome is happy to participate in the diversification of Paks’s fuel rod supply, he added.
The Paks nuclear power plant accounts for around half of the electricity generated in Hungary.
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