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Russia To Build Two Nuclear Reactors In Hungary

Russia To Build Two Nuclear Reactors In Hungary

Rosatom, a Russian nuclear power giant, is set to start constructing two new nuclear reactors in Hungary in a few weeks. Hungary’s foreign minister revealed the news.

The aim of this 2014 deal between Russia and European Union state is to expand the existing Paks nuclear plant.

Russia’s nuclear industry has not been subjected to EU sanctions over its bloody invasion of Ukraine. In addition, Hungary has also not supported moves to isolate and sanction Russia’s oil and gas exports.

Currently, the Paks site generates 40% of Hungary’s electricity supply.

In a Facebook post, Foreign Minister Peter Szijjarto said, “Let the construction begin.”

With the additional two reactors, the nuclear power station – currently made up of four Soviet-built reactors – will see its capacity more than double.

“This is a big step, an important milestone. In this manner we will ensure Hungary’s energy security in the long term and protect Hungarians from wild swings in energy prices,” his post further said.

He also said that the reactors could be ready for service by 2030. The controversial €12.5bn (£10.6bn; $12.4bn) project is largely financed by Russia.

However, in the wake of the war in Ukraine, many EU states have been trying to lessen their dependence on Russian supplies of energy.

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