MVM pairs up with U.S. institute

Recycling

Hungary's state-owned energy group MVM has signed an agreement on cooperation in research and development with the Electric Power Research Institute (EPRI) from the United States, in order to improve security and efficiency in Hungary's Paks nuclear plant, the parties announced on Friday, according to MTI news agency. EPRI has a $170 mln budget for nuclear-related research for 2015.

Their main areas of research include treatments in the aging process, substance analysis, enhancing reliability of fuel and installments, leading nuclear technologies and treatment of nuclear waste. EPRI's results will be shared with MVM, and the U.S. institute will be able to join research programs to help Hungary's Paks nuclear power plant meet its current challenges, the announcement said.

The Paks (central Hungary) plant was built by the Soviet Union, and last year Hungary signed an agreement with Russia to expand it by 2025. EPRI is an independent non-profit organization which is in contact with 80% of the world's nuclear plants.

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