Siemens eyes Paks upgrade turbine contract

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Chairman-CEO Dale A. Martin of Germany’s Siemens expressed intentions to sign a  €1 billion contract with the Hungarian government to supply the turbines for the upgrade of Paks nuclear power plant, German business daily Handelsblatt reported yesterday, according to Hungarian news agency MTI today.

“Siemens is interested in delivering the conventional elements of the Paks upgrade, such as the control technology systems,” Siemens reportedly said. Siemens noted that beyond technical advantages, the company could involve the local competence at its turbine components plant in Budapest, MTI reported.

Franceʼs Alstom is a potential competitor against Siemens for the contract, Handelsblatt said.

The upgrade of Paks, however, is currently under scrutiny by the European Commission, which alleges the awarding of the refurbishment contract is against EC public procurement rules.

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