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Paks Nuclear Power Plant

Budapest Sees No Reason for EU to Reject Paks NPP Expansion Project

© East News / Photoshot/REPORTER/Attila Volgyi

13:50 GMT 22.06.2016(updated 13:52 GMT 22.06.2016) Get short URL

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https://sputniknews.com/europe/201606221041750279-paks-npp-expansion-eu/

Hungarian Foreign Minister Peter Szijjarto said Wednesday that he sees no reason why the European Union would object to the project to expand the Paks Nuclear Power Plant in the country.

Nuclear power plant

© Flickr / lee vickers

Moscow Ready to Fulfill Loan Obligations on Hungarian Paks NPP - Putin

BUDAPEST (Sputnik) — In late 2014, Russia and Hungary signed a deal to build units 5 and 6 at Paks, to be fitted with Russian VVER-1200 reactors. Russia is expected to provide Hungary with a loan of up to 10 billion euros ($11.14 billion at the current exchange rate) to complete the project.

On November 19, the European Commission opened an infringement procedure against Hungary to determine whether the financing of the Paks project complies with EU public procurement rules.

"Paks is the most important investment, the EU is only examining aspects [of the deal] related to public procurement and anti-corruption issues, which is normal, and there are no obstacles to finalizing this project," Szijjarto said at the Russian-Hungarian intergovernmental meeting.

He also added that Budapest wants a subsidiary of the Hungarian power company MVM Group to participate in nuclear projects in Russia and in Rosatom projects abroad in order to accumulate needed experience.

Related:: Russia Certain Hungary to Clarify Paks Nuclear Plant Issue to EU Commission

: Hungary Confirms Paks Nuclear Power Plant Deal With Russia

: Russia, Hungary Sign Contract to Complete Paks NPP Construction: Rosatom

Tags:

nuclear power, Paks nuclear power plant, European Union, Peter Szijjarto, Hungary, Russia

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