Paks project could have foreign managers and partners

Recycling

The government hopes to reduce operation costs of the Paks 1 power plant by revising existing contracts. Operation of the nuclear power plant must be transparent and the government intends to achieve this by employing international experts from relevant fields, vs.hu reported yesterday citing Lázár János’ speech in today’s parliamentary session.

Responding to criticism by MSZP’s Tóth Bertalan with regards to the secrecy surrounding the contract between Hungary and Russia for the expansion of Hungary’s only nuclear power plant, Lázár said that the existing block would be put under international surveillance, vs.hu added. 

The Paks 2 project will also be implemented with the participation of foreign partners and experts, sources told to the news portal, but the government has yet to confirm this information. The French Areava and the Finnish Fortum energy firms are said to be among the potential partners.

Diplomatic sources cited by vs.hu confirmed that the participation of western companies in the Paks would guarantee a certain level of transparency to the much-criticized project.

Fidesz politicians also told vs.hu that the Paks 2 project could very well be cancelled, due to potential financing difficulties caused by the sudden weakening of the Russian economy.

ADVERTISEMENT

The New Age of Commerce is Approaching Analysis

The New Age of Commerce is Approaching

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.