Final construction stage of Hungarian PAKS NPP starts in January 2018

  • Michaela Ceklová
  • 31.8.2017 08:08

After Prime Minister Viktor Orban's meeting with Russian President Vladimir Putin on August 29, Hungarian Foreign Minister Péter Szijjarto specified that the construction of two nuclear power plant units at the Paks Hungarian Power Plant will start in January 2018.

The final phase of construction of the Hungarian nuclear power plant was postponed to get the EU's approval, which was granted to Hungary in March this year. The EU feared that since Russia is building two nuclear blocks in Hungary, it might get sensitive information about the EU nuclear sector. According to an agreement concluded in 2014, the construction of the two nuclear reactors will cost approximately €12 billion, with €10 billion being a loan from Russia. Most of the construction will be performed by Russian Rosatom. The EU's fears of excessive Russian influence over Hungarian energy are justified to some extent, this is already the second bilateral energy agreement between Hungary and Russia, the first being a gas supply agreement with Russian Gazprom.

About author: Michaela Ceklová

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