ADVERTISEMENT

KEPCO eyes Paks expansion

Visits

Korea Electric Power Corporation (KEPCO), owned by the state of South Korea, is among the possible bidders in an international tender to expand the Paks Nuclear Power Plant, the National Development Ministry said after the portfolio's chief Zsuzsa Németh met with a delegation from the company in Budapest on Tuesday.

Németh told the delegation, headed by KEPCO CEO Kim Joong-kyum, that the tender was open to any company that makes pressurized water reactors.

In addition to technological and cost considerations, meeting Hungarian and European nuclear safety requirements will also be looked at in the tender, the ministry said.

The KEPCO delegation also signalled they were open to a review of possible developments and investments in Hungary's renewable energy sector.

Hungary's government established a committee at the end of May to prepare for strategic decisions related to the planned expansion of Paks. The committee is headed by Prime Minister Viktor Orbán.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.