Subscribe free to our newsletters via your
  Energy News  

Subscribe free to our newsletters via your

Moscow Ready to Fulfill Loan Obligations on Hungarian Paks NPP -Putin
by Staff Writers
Moscow (Sputnik) Feb 19, 2016

The Paks Nuclear Power Plant in Hungary

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

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 Industry News
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

Previous Report
UK science leads the way in nuclear research
London, UK (SPX) Feb 17, 2016
The UK's synchrotron science facility, Diamond Light Source, is a hub for renewable energy and energy recycling research, but less well known are its applications as a hub for nuclear research. Work in this area is transforming our energy future by making the nuclear fuel cycle safer, more efficient and more straightforward to use. Scientists using the facility have been invited to present ... read more

Renewable fuels from algae boosted by NREL refinery process

Iowa State engineers develop hybrid technology to create biorenewable nylon

Researchers create synthetic biopathway to turn agriculture waste into 'green' products

Spain's Abengoa submits plan to avoid bankruptcy: source

Michigan draws fire over clean energy plans

UTA researchers devise more efficient materials for solar fuel cells

New technique for turning sunlight into hydrogen

KYOCERA Donates Solar Power Generating Systems to Nepal to Support Earthquake Reconstruction

EU boasts of strides in renewable energy

Offshore U.K. to host world's largest wind farm

Germany aims to build wind energy reputation

Mechanical trees generate power as they sway in the wind

US, Canada and Mexico sign clean energy pact

Supreme Court deals blow to Obama climate plan

Online shopping about as "green" as a three dollar bill

Scientists say window to reduce carbon emissions is small

Clean energy from water

Creation of Jupiter interior, a step towards room temp superconductivity

Footsteps could charge mobile electronics

Superconductivity: Footballs with no resistance

Earth-like planets have Earth-like interiors

The frigid Flying Saucer

Astronomers discover largest solar system

Lonely Planet Finds a Mum a Trillion Km Away

Saudis seek upgrade of Phalanx systems

Sens. McCain, Reed criticize Navy's Littoral Combat Ship program

German Navy testing unmanned counter-mine vessel

U.K. announces $289 million for new nuclear submarines

Becoming a Martian

Site of Martian lakes linked to ancient habitable environment

Opportunity climbing steeper slopes to reach science targets

Opportunity Reaches 12 Years on Mars!

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

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - 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. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. 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