Hungary and Russia sign agreements on Paks

Initiatives

Hungarian and Russian companies MVM Paks II Nuclear Power Plant Development Company and Russia's Nizhny Novgorod Engineering Company Atomenergoproekt signed three implementation agreements for two new 1,200MW reactors to be constructed at Hungary’s sole nuclear power plant located in Paks, the Prime Minister's Office announced today.

"The agreements formalize the design, procurement and construction parameters for the new units, conditions related to their operation and maintenance support, and details regarding fuel supply and the handling and storage of spent nuclear fuel," the office said. The Hungarian state has entered into a favorable agreement keeping within the financing resources available for the project, it added.

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