ADVERTISEMENT

Construction at Paks to start with adjacent buildings

Visits

Construction work at the Paks Nuclear Power Plant could start at the beginning of next year with supplementary buildings and support facilities indispensable for building the new reactors, Attila Aszódi, state secretary in charge of maintaining the power plantʼs capacity, was reported as saying by state news wire MTI Wednesday.

Speaking at an energy conference in Bükfürdő (western Hungary), Aszódi said that the authorities had acquired all the necessary environmental permits, as well as the site permit and all approval needed from the European Union.

Hungary is building two new reactors at the Paks plant in a EUR 12 billion project. The new blocks are intended to replace existing blocks when their lifespan ends in the 2030s. Russiaʼs Rosatom is the general contractor for the project.

During a recent visit to Budapest, Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán confirmed that construction on the upgrade of the Paks plant would start in January next year, almost two years behind schedule.

Minister of Foreign Affairs and Trade Péter Szijjártó told journalists at the time the parties had also confirmed that Hungarian businesses would receive contracts for USD 5 bln of the USD 12 bln project, as agreed earlier.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens 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.