ADVERTISEMENT

Orbán meets with Rosatom CEO in Budapest

Visits

MTI/Miniszterelnöki Sajtóiroda/Fischer Zoltán

Prime Minister Viktor Orbán met with Rosatom CEO Alexey Likhachev in his office in Budapest on Thursday, the PMʼs press chief said, according to a report by state news wire MTI.

Alexey Likhachev (left) and Viktor Orbán (Image by MTI/PMʼs Press Office/Zoltán Fischer)

They were joined by Alexander Merten of Rusatom International Network, Vladimir Sergeev, Russiaʼs Ambassador to Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó and minister in charge of the upgrade of the Paks nuclear power plant János Süli.

The sides evaluated progress on the Paks II upgrade project and agreed that the investment is moving forward as planned, press chief Bertalan Havasi said.

He noted that the application for the Paks II implementation license was submitted to the National Atomic Energy Office (OAH) in June, and the Hungarian Energy and Public Utility Regulatory Authority (MEKH) issued an electricity implementation license for the project in November.

The sides reviewed the main tasks to be completed in the near future, such as groundwork which could start in the first half of 2021, Havasi said.

It was noted at the meeting that the OAH is expected to issue the implementation license in the autumn of 2021, allowing construction of the new blocks to begin, he added.

Rosatom is the general contractor for the construction of two more blocks at the Paks plant, Hungaryʼs only commercial source of nuclear energy. The Russian state is financing 80% of the cost of the investment.

Government Acknowledges Drop in Motor Fuel Prices Energy Trade

Government Acknowledges Drop in Motor Fuel Prices

EU Affairs Ministry, AmCham Sign Strategic Partnership Deal EU

EU Affairs Ministry, AmCham Sign Strategic Partnership Deal

Industrial Production Drops in March Manufacturing

Industrial Production Drops in March

Aldi Opening Biggest Store in Budapest Food

Aldi Opening Biggest Store in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.