Orbán, Rosatom CEO discuss Paks development

Recycling

Károly Árvai/kormany.hu

Prime Minister Viktor Orbán held talks with Alexey Likhachev, CEO of Russiaʼs Rosatom State Atomic Energy Corporation, in the PMʼs swank new offices in the former Carmelite Monastery in Buda Castle on Sunday, says a report on government website kormany.hu.

Orbán (right) meets Likhachev (photo: Károly Árvai/kormany.hu)

At the meeting the parties reviewed the status of the Paks Nuclear Power Plant upgrade project, and discussed further tasks for the future.

Orbán said that the construction of two new nuclear reactors will significantly enhance Hungary’s energy security, and will also contribute to the country’s energy independence and the attainment of climate change goals. The project is therefore fully in harmony with Hungary’s national interests, the PM noted.

Also present at the meeting were János Süli, Hungaryʼs minister without portfolio in charge of the Paks upgrade, and Kirill Komarov, Rosatom First Deputy Director General for Corporate Development and International Business, state news wire MTI reported.

Rosatom is the general contractor for the upgrade of the plant in Paks, southern Hungary, which is being financed in large part by the state of Russia.

In January, it was reported that Hungary was working to modify the financing agreement with Russia for the upgrade of the Paks plant so that it only starts repaying the loan once the two new reactors begin supplying power.

Hungary awarded Rosatom the contract to build additional reactors at the Paks plant in January 2014, but construction has faced long delays, partly because of a European Union review of the project, which also looked into the way it was funded.

After Parliament voted to build new nuclear capacity in 2009, Orbán bypassed an international tender and signed a deal with Russian President Vladimir Putin. The move drew international criticism, especially from the United States, which is concerned about Central and Eastern Europeʼs heavy reliance on Russian energy sources, noted a nytimes.com report in January.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.