Hungary does not plan to cancel the Paks nuclear power station expansion project, a €12.5 bn deal with Russia’s state nuclear corporation Rosatom, foreign minister Peter Szijjarto said on Wednesday, according to media reports.
Budapest wants to expand the four-unit facility, which has four Russia-supplied pressurised water reactors units that began commercial operation in the 1980s and accounts for about half of Hungary’s electricity output.
The Paks 2 project would see Russia supplying two new-generation VVER-1200 PWR units in a deal financed mostly with a Russian loan.
Budapest wants to expand the four-unit facility, which has four Russia-supplied pressurised water reactors units that began commercial operation in the 1980s and accounts for about half of Hungary’s electricity output.
The Paks 2 project would see Russia supplying two new-generation VVER-1200 PWR units in a deal financed mostly with a Russian loan.
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