The European Commission’s decision will accelerate the implementation of the Paks project and allow the commissioning of Paks II in the early 2030s.
The European Commission has authorized further participation Rosatom on the completion of the Hungarian nuclear power plant Paks. This was announced by Foreign Minister Peter Szijjarto, writes Euronews.
He recalled that the contracts for the construction of new units of Paks NPP were already in nine years, and the legal and technical conditions had changed during this time.
For the rapid completion of the construction, it is necessary to change the contracts, the standard of which was agreed in Moscow with the representatives of Rosatom. Hungary submitted these changes to the European Union for approval in accordance with European law, and the European Commission approved them on May 23.
This decision will accelerate the implementation of the Paks project and allow the commissioning of Paks II in the early 2030s.
“Nuclear energy is very important for Hungary and the construction of new Paks nuclear power plant units is a long-term guarantee for Hungary’s energy supply security,” said Szijjarto.
Paks is the only Hungarian nuclear power plant whose operational life has been extended to the 2030s after modernization.
The Paks II project is a €12 billion expansion of the Paks nuclear power plant, led by Rosatom and financed primarily by a Russian state loan. Last year, the Hungarian Atomic Energy Authority issued a permit for this project.
It is because of this project that Hungary actively opposes any sanctions against Russia’s nuclear sector.
Source: korrespondent
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