Lázár: Euratom clears contracts for Paks nuclear power plant upgrade
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, cabinet chief János Lázár said at his regularly scheduled press conference yesterday, state news agency MTI reported.
Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lázár said.
Hungary is building another two blocks at its sole nuclear power plant, with Russian financing. The plant generates a little more than half of the electricity consumed in Hungary.
Earlier, Hungary was engaged in talks with the European Commission to clarify questions related to competition law and the implementation of EU procurement rules with regard to the Paks project.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
