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Russia’s Rosatom Head to Visit Hungary Early March to Inspect Paks Nuclear Plant, Says Hungarian FM

© East News / Photoshot/REPORTER/Attila VolgyiPaks Nuclear Power Plant
Paks Nuclear Power Plant - Sputnik International, 1920, 10.02.2024
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NEW YORK (RIA Novosti) – Russian state nuclear corporation Rosatom head Alexey Likhachev will visit Hungary in early March to inspect two nuclear power plant blocks under construction near the city of Paks, Foreign Minister Peter Szijjarto told RIA Novosti.
“He's coming in the beginning of March. I have had a phone conversation with him [Likhachev] yesterday as well,” Szijjarto said on Friday.
Szijjarto noted that the Hungarian side is working closely on the project with their colleagues from Rosatom due to the key nature of energy in the modern global economy.
“We are working together with his [Likhachev’s] team on a daily basis, because building the nuclear power plant is a national strategic issue and a national security issue in Hungary as well because we cannot exclude that there would be a similar kind of energy crisis in the future as it has been the case in the past couple years. So, therefore, we understand that those countries will enjoy security which are able to produce the energy,” Szijjarto said.
According to Szijjarto, the construction of two additional nuclear units will more than double energy production in Hungary, as well as increase its share in the country’s energy sector to 70%.
Paks is Hungary's only nuclear power plant, generating about a third of all electricity in the country, with the share expected to increase after the planned commissioning of the two new NPP reactor units. The Hungarian leadership has repeatedly said that nuclear energy is a way to ensure the country's energy security.
The four units of the 500-megawatt Paks NPP were built between 1982 and 1987, and their 30-year operating lifespan was extended by 20 years between 2012 and 2017, to allow for their closure between 2032 and 2037.
The photo shows an installation inside the Atom pavilion, dedicated to the development of nuclear energy, on the territory of VDNKh Exhibition Center, in Moscow, Russia - Sputnik International, 1920, 15.11.2023
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Hungary to Be Able to Stop Importing Electricity Once Paks-2 Nuclear Plant Launched
In late 2014, Russia and Hungary signed an agreement on the construction of two additional advanced reactors. The parties agreed that Russia would allocate a $10.6 billion loan to finance the construction of the units while the entire project cost is 12.5 billion euros. Russian state nuclear corporation Rosatom said in February that construction was set to begin in 2024.
At the moment, Rosatom is involved in the construction of nuclear power plants in Turkiye, India, China, Egypt, Hungary, and Bangladesh.
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