Budapestʼs nuclear conference opens

Int’l Relations

MTI/Noémi Bruzák

The Atomex Europe 2015 conference and exhibition, organized in Budapest by Russian state nuclear energy group Rosatom, provides an opportunity for Rosatom and its potential partners to meet, said government commissioner for the expansion of Hungaryʼs Paks nuclear power plant Attila Aszódi at the opening of the conference yesterday, Hungarian news agency MTI reported.

Attila Aszódi delivers his speech yesterday at the opening. (Photo: MTI/Noémi Bruzák)

Aszódi and Kirill Komarov, deputy CEO of Rosatom, the general contractor for the expansion, said that the construction of the new blocks will begin in 2018. This is in line with earlier plans.

The conference takes place two weeks after the European Commission (EC) announced an infringement procedure against Hungary over granting the contract to expand Paks to Russiaʼs Rosatom without a tender. The EC also launched an in-depth investigation to assess whether the financing of the Paks upgrade does not constitute state aid. Russia is to provide Hungary with a €10 billion loan that would cover 80% of project costs.

Aszódi said they will answer the Commissionʼs questions in due time and in a professional manner. He maintained that the project could be completed without state support, and repeated that Hungary has a right to grant the expansion to a third country if the regulations of Euratom and the European Commission are observed.

He reiterated that the share of Hungarian suppliers could reach 40% under the 2014 intergovernmental agreement on the project, noting that under the implementation contract signed in December 2014 the general contractor has the right to choose its subcontractors.

Rosatom has already worked with Hungarian suppliers in the preparatory phase, Komarov said, adding that at the peak of construction some 4-5,000 Hungarians may be asked to work on the project. Komarov was confident that Hungarian businesses could supply equipment as well.

In response to a query, Komarov said that it is the Hungarian partner who negotiates with the Commission. He noted that it is not general practice to invite tenders for nuclear plant construction given the number and complexity of the criteria involved.

The Atomex conference and exhibition attracted approximately 300 participants from Central and Western Europe.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.