Subscribe free to our newsletters via your
. Nuclear Energy News .

European Commission May Axe Hungary-Russia Nuclear Plant Deal
by Staff Writers
Moscow, Russia (SPX) Feb 24, 2015

File image.

The European Commission (EC) is looking into the legality of Hungary's contract with Russia to construct new units of the Paks nuclear power plant in central Hungary, the Financial Times reported Monday.

On December 9, 2014, Moscow and Budapest signed a contract for the construction of two new 1,200-megawatt power generating units for Paks.

Last week, Russia's nuclear agency Rosatom head, Sergei Kirienko, said the works were ahead of schedule and survey of the site is expected to begin this spring.

The Financial Times, however, claimed Budapest may be facing a "veto or prohibitive fine" from the European Union over two concerns.

The first issue is the legality of state subsidies and contracts awarded to Rosatom without a call for bids. The second is Hungarian Prime Minister Viktor Orban's alleged decision to conceal certain details of the contracts on grounds of national security, according to the publication.

The European Commission (EC) allowed the Russian-Hungarian deal to go through when it was signed in January 2014.

Brussels was trying to block another major Russian energy project, the South Stream gas pipeline, which was planned to deliver Russian gas to Europe via the Black Sea. In late 2014, Moscow scrapped the project, citing the European Union's "non-constructive" stance.

Paks is Hungary's only operating nuclear power plant, generating more than 50 percent of Hungary's national energy production as of 2013.

Orban has called EU sanctions, targeting Russia's defense, banking and energy industries over Moscow's alleged role in the Ukrainian crisis "unpractical" and called for improvement of relations between Moscow and the European Union.

Along with Orban, a number of senior European politicians, including Czech President Milos Zeman and Slovak Prime Minister Robert Fico have called on Brussels to either lift sanctions or avoid introducing new anti-Russia measures.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only


Related Links
European Commission (EC)
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

Taiwan seeks to export nuclear waste overseas
Taipei (AFP) Feb 18, 2015
Taiwan has unveiled a Tw$11.25 billion ($356 million) plan to process nuclear waste overseas for the first time as its power plants approach capacity, sparking criticism from environmental groups. The state-run Taiwan Power Co. (Taipower) opened bidding on Tuesday for 1,200 used fuel rods used in the island's first and second nuclear plants to be processed abroad. The two plants, which ... read more

Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

Understanding air pollution from biomass burners used for heating

Biologists partner bacterium with nitrogen gas to make cleaner bioethanol

New solder for semiconductors creates technological possibilities

AORA Solar's Ethiopia Pilot Project Takes Step Forward

Lockheed selects advanced roofing to construct large solar energy array

Ikaros Solar and Esdec BV Join Forces

Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

India's Modi says energy pledge not based on foreign pressure

Climate summit hosts press India on emissions

Russia and DPRK May Develop $20-30 Billion Power Grid Project

Patents provide insight on Wall Street 'technology arms race'

Leading scholar presents advances in research of electric car batteries

New paper-like material could boost electric vehicle batteries

Researchers developed a cost-effective and efficient rival for platinum

Corvus Energy orders two new battery hybrid LNG ferry systems

Scientists predict earth-like planets around most stars

"Vulcan Planets" - Inside-Out Formation of Super-Earths

Dawn ahead!

Habitable Evaporated Cores

Russian Shipyard Makes History: 4 Subs Under Construction Simultaneously

Frontline Innovation: DARPA to put Fab Lab at Navy Ship Maintenance Center

Four US littoral combat ships to operate out of Singapore by 2018

Russia May Finalize its Flagship Aircraft Carrier by 2025

Mars One cuts list of potential colonists to 100

Scientists fail to explain strange plumes spotted on Martian surface

NASA's Curiosity Analyzing Sample of Martian Mountain

Mars Rover Nearing Marathon Achievement

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.