Russia Offers To Power Hungarian Nuclear Expansion
From Business News Europe
In a bid to grasp a share of the growing nuclear market in CEE, Russia’s state-owned nuclear holding Rosatom said it is ready to offer full financing in the tender for the expansion of Hungary’s Paks facility. The offer replicates a recent offer on a large contract in the Czech Republic, and suggests Russia has been taking Chinese lessons.
Hungary needs big new power plants to augment its aging fleet and the government is expected to issue a construction tender this year for up to 3,000 megawatts (MW) in new nuclear capacity at Paks, reports Reuters. The current plant uses four Russian-made VVER reactors with a total capacity of 2,000 MW and produces about 40% of the country’s electricity.