by Staff Writers
Moscow (Sputnik) Feb 19, 2016
Russia is ready to provide a loan 10-billion-euro loan for building new facilities at the Hungarian Paks Nuclear Power Plant (NPP), Russian President Vladimir Putin said on Wednesday.
Earlier in the day, Putin held a meeting with Hungarian Prime Minister Viktor Orban.
"The total amount of [Paks NPP] project financing is 12 billion euros [$13.4 billion], 80 percent of which should be provided by the Russian loan. I confirmed today to the [Hungarian] Prime Minister that the Russian side is fully ready to fulfill its obligations," Putin said at a press conference after talks with Orban.
In late 2014, Russia and Hungary signed a deal to build units 5 and 6 at Paks with VVER-1200 reactors. Russia is expected to provide Hungary with up to 10 billion euros ($11.14 billion at current exchange rates) loan for the project.
Russia's TVEL, a subsidiary of the state nuclear corporation Rosatom, has been supplying nuclear fuel to Hungary's Paks nuclear power plant (NPP) since its first unit started operations in 1982. During the late 2000s, Russia helped restore and expand capacity of the NPP.
Source: Sputnik News
Nuclear Power Industry News
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - 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.|