Rosatom Head Visits Paks II Site
Image by ID1974 / Shutterstock.com
Rosatom CEO Alexey Likhachev visited a project to build another two blocks at the Paks nuclear power plant in Hungary on Friday, according to a report by state news wire MTI.
Likhachev noted that all obstacles to the Paks II project had been removed in the course of preparations and acquiring permits in past years. All conditions are in place for the construction to proceed according to plan, he added.
The investment is being accelerated, he said, adding that 140 Hungarian contractors were working on the construction. Next year, 2,000 people could be working on the project, he said. He added that Paks II was Rosatom's first project in the European Union.
Ministry of Foreign Affairs and Trade state secretary Levente Magyar said the first concrete could be poured at the site in a year.
Power plant equipment for Paks II "enjoys priority" in production, and all efforts will be made to ensure that equipment is made on time, Likhachev said. He noted that Hungarian companies would account for 40% of the value added of the project.
Rosatom said the construction of a concrete plant had been completed at the construction site, and the construction of a reinforcement products workshop was underway. Soil excavation down to five meters for the foundation pit of the number six block is underway, and similar work for the number five block has been completed.
The existing four blocks of the Paks plant account for about half of Hungary's electricity generation at present.
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.