Hungary: no delay to Russia-backed nuclear plant expansion


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.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013