Hungary’s nuclear regulator has granted a construction licence for two new reactors at the Paks nuclear power station, which are to be built by Russia’s state nuclear corporation Rosatom under a 2014 deal signed between Budapest and Moscow.
In a decision announced on its website late on Thursday (25 August), the Hungarian Nuclear Energy Authority said the existing Russian-built station at Paks, which has four 479-MW VVER units, can be expanded with two new units, pending further licences.
The aim of the €12.5bn Paks 2 project is for Russia to supply two new-generation VVER-1200 pressurised water reactor units in a deal financed mostly with a Russian loan. The plants should be built by 2030.
Nuclear energy is not subject to European Union sanctions related to Russia’s invasion of Ukraine.
In a decision announced on its website late on Thursday (25 August), the Hungarian Nuclear Energy Authority said the existing Russian-built station at Paks, which has four 479-MW VVER units, can be expanded with two new units, pending further licences.
The aim of the €12.5bn Paks 2 project is for Russia to supply two new-generation VVER-1200 pressurised water reactor units in a deal financed mostly with a Russian loan. The plants should be built by 2030.
Nuclear energy is not subject to European Union sanctions related to Russia’s invasion of Ukraine.
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