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Lázár to oversee Paks expansion project

Recycling

The Prime Minister's Office is expected take control over the entire Paks nuclear plant expansion project from state-owned Hungarian Electricity Works (MVM), Hungarian business daily Napi Gazdaság reported today citing unidentified independent industry sources.

Shareholder’s are scheduled to decide the issue at MVM’s upcoming extraordinary meeting on October 16, the daily reported. Preparations for the expansion are currently made by MVM Paks II. Atomerőmű Fejlesztő, a unit MVM set up in the summer of 2012.

Napi Gazdaság argued, however, that the professional supervision of the project was already under the control of the Prime Minister's Office since Attila Aszodi was appointed government commissioner in charge of maintaining the performance of the Paks nuclear power plant in July.

In line with the agreement of the Hungarian and Russian governments made in January 2014, the Russian state-owned nuclear energy company Rosatom is responsible for building to new reactors at the nuclear power plant located in Paks.  The state of Russia has promised to provide Hungary with a maximum of €10 bln in loans for the construction of the reactors.

The Prime Minsiter’s Office is currently headed by Minister János Lázár. The Paks Nuclear Power Plant is part of the MVM group. 

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