In an interview with Hungarian news agency MTI on Monday, Kirill Komarov, first deputy director general of Russiaʼs state-owned atomic energy corporation Rosatom, said the results of the tender, invited in July, will be announced at the end of this year.
Rosatom is the general contractor of the EUR 12 billion project, in which Hungary is building two new reactors at Paks, its sole nuclear power plant, to replace existing reactors the lifespan of which ends in the 2030s. The state of Russia is financing the project through a EUR 10 bln loan.
During the upgrade, 15 major tenders to a total value of EUR 2 bln are expected to be advertised by the end of 2018, Komarov told MTI. The tenders will be not only for construction but also for services and machinery, he added.
The local supplier ratio of the project could well exceed 40% in specific areas, Komarov said, citing assembly and construction works and Hungarian experience in energetics machinery production as examples. Rosatom is organizing courses for suppliers, he added. The builder of the reactors must strive to bring the local supplier ratio to 40% of the projectʼs value according to the contract.
Komarov said he is satisfied with the progress of the project, noting the European Unionʼs 16-month procedure investigating the financing of the project among the reasons for postponement of deadlines. Rosatom and its Hungarian partners are doing their best to make up for the delay, he added, noting that active work is underway in several areas, including compilation of the application for the establishment permit.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
