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

Hungary Confirms Paks Nuclear Power Plant Deal With Russia
by Staff Writers
Moscow, Russia (Sputnik) May 06, 2015

File image.

The Hungarian government has confirmed a contract under which Russia would build two reactors at the Paks nuclear power plant (NPP), Russian nuclear corporation Rosatom head Sergei Kiriyenko said Tuesday.

A series of deals, signed in late 2014, envisages the construction of the NPP's units 5 and 6 with Russian-built VVER-1200 reactors, as well as nuclear fuel supplies and maintenance.

"We got a confirmation from the government of Hungary that everything has been agreed, everything remains unchanged."

"Everything has been confirmed, the contract has entered force," Kiriyenko said.

Russia has given Hungary a loan of up to $11 billion for the project. In February 2014, Hungary's economic Minister Mihaly Varga said the loan would be paid back over two decades after the reactors become operational in 2023.

Paks is the only nuclear power plant in Hungary. Located 62 miles south of Budapest, it supplies over one-third of the country's electricity.

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
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

Indo-French Nuclear Coop eration Strengthened
New Delhi, India (SPX) Apr 29, 2015
Prime Minister Modi's recent visit to France proved fruitful for the much delayed Jaitapur Nuclear Power Plant (JNPP) in Maharashtra. The France visit resulted in a break-through signing of the Memorandum of Understanding (MoU) between the French Areva and India's Nuclear Power Corporation of India Limited (NPCIL). Areva is supposed to set up six nuclear power plants in Jaitapur. As India ... read more

Ethanol may release more of some pollutants than previously thought

Engineered softwood could transform pulp, paper and biofuel industries

ORNL contributes to major UN bioenergy and sustainability report

Researchers use plant oils for novel bio-based plastics

Inkjet printing process for kesterite solar cells

Breakthrough in solar cell material reported in MRS Communications

Solar plane pilot readies for record Pacific flight

IHS PV Inverter Rankings: Asian Suppliers Take Another Big Leap

Vulnerable grassland birds abandon mating sites near wind turbines

Germany's E.ON building wind reputation

World-first and new standard achieved in floating lidar as AXYS selects ZephIR 300

Molycorp to supply rare earths for use in Siemens wind turbines

Berkeley Lab researchers find that saving energy is still cheap

Tesla Could Be Changing The Dynamics Of Global Energy

Colorado State University researchers to study effects of green schools

Unexplained gap in global emissions of potent greenhouse gases resolved

Heat makes electrons' spin in magnetic superconductors

Li-ion battery's inner workings revealed

Successful Commissioning Of SylWin1 HVDC Grid Connection

Climate change: How Brits feel about 'smart' energy

Robotically discovering Earth's nearest neighbors

Astronomers join forces to speed discovery of habitable worlds

Titan's Atmosphere Useful In Study Of Hazy Exoplanets

Tau Ceti Probably not the next Earth

Damen introduces new family of offshore patrol boats

USS Fort Worth completes maintenance, repair availability in Singapore

UTC Aerospace, Newport News Shipbuilding in submarine component deal

Italian Navy takes delivery of FREMM frigate

Rover on the Lookout for Dust Devils

UAE opens space center to oversee mission to Mars

Robotic Arm Gets Busy on Rock Outcrop

Mars might have liquid water

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.