Hungary: no delay to Russia-backed nuclear plant expansion

hungary_nuclear

BUDAPEST, Hungary (AP) — The Hungarian official in charge of expanding the country's only nuclear power plant says he does not expect the project — funded mostly with a loan of $10.9 billion from Russia — to be delayed by financial concerns.

Falling oil prices have hurt Russia's oil-dependent economy, pushing the Russian currency, the ruble, to record lows.

Attila Aszodi said Thursday that he was in daily contact with Russia's state-owned Rosatom, which will carry out the project at the plant in the city of Paks, and saw no indications that the company wanted to withdraw or there would be no funds from Russia to build the two new reactors.

Aszodi said the government expects the European Union to conclude several investigations into the project within six months.

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