ADVERTISEMENT

Szijjártó Holds to 2030-31 Date for Paks II Completion

Power

Minister of Foreign Affairs and Trade Péter Szijjártó said he was sticking to the 2030-2031 target dates for putting two new blocks into operation at Hungary's Paks nuclear power plant at a press conference on Wednesday, according to a report by state news wire MTI.

Speaking after a meeting with Russian Minister of Health Mikhail Murashko in Budapest, Szijjártó said the Russian government could approve modifications to the financial contract on the construction of the blocks "within days", after which the amended implementation contract could be signed.

"The point is that we've taken every legal measure to accelerate the Paks investment," he added.

"For my part, I continue to stick to the 2030-2031 dates for putting the blocks into operation, and I've said that at all the meetings with Rosatom executives, who have not protested, at least not yet," he said.

Rosatom is the general contractor for the construction of the two blocks.

Work on the cut-off wall to mitigate the flow of groundwater has started at the Paks II site, and groundwork under the planned number six block will begin in August, Mr Szijjarto said. Implementation plans for soil consolidation at the site are in the process of being finalized, he added.

The existing four blocks at Paks account for about half of the domestic electricity generation.

In a statement issued on Wednesday, Rosatom said its unit ASE had started the initial phase of work at Paks, including the construction of the cut-off wall, on July 3.

The cut-off wall will be 1 m thick, 32 m deep, and 2.5 km long.

The guaranteed lifespan of the two new Paks blocks will be 60 years, Rosatom said.

MNB Issues Instructions to Prevent Online Personal Loan Frau... Banking

MNB Issues Instructions to Prevent Online Personal Loan Frau...

Hungary Solar Capacity Climbs Over 6,700 MW Government

Hungary Solar Capacity Climbs Over 6,700 MW

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

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.