Hungary amends Russian nuclear plant deal with EU approval. On Thursday, Foreign Minister Peter Szijjarto said the European Commission approved Hungary’s amendment of Rosatom’s nine-year-old Paks nuclear power plant reactor contracts.
Hungary, which imports most of its electricity from Russia, struck an agreement with Rosatom to develop two 1.2-gigawatt reactors at Paks, which already has four.
Hungarian officials have considered adding a project management company to the contract to speed up the project, but they have provided little information.
The European Commission approved us yesterday. Szijjarto stated in a Facebook video that the Commission approved contract revisions for the Paks reactors’ construction and financing contracts.
Rosatom won the 12.5 billion euro project without bidding in 2014. Hungary opposes adding nuclear power to EU sanctions against Russia for the Ukraine crisis.
Szijjarto claimed the reactor agreements from 2104 were “somewhat obsolete” due to legal, technological, and physical changes without providing details.
Szijjarto discussed contract revisions with the Russian government and Rosatom officials in Moscow in April. He added the new reactors may start running early next decade, and larger-scale building could begin soon.
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