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Russia to allot credit to Hungary to build two new power units at Paks NPP

January 14, 2014, 18:19 UTC+3 NOVO-OGAREVO
The sum of contract will be set, proceeding from current prices and technical parameters of the nuclear power plant
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© ITAR-TASS/Sergei Karpov

NOVO-OGAREVO, January 14, 18:16 /ITAR-TASS/. Russia will allocate a credit to Hungary to build two new power units at Paks nuclear power plant, the sum of credit is not set yet, head of Russian state-run nuclear power corporation Rosatom Sergey Kiriyenko told reporters on Tuesday after the signing of the inter-governmental agreement in the Russian presidential countryside residence.

“The rules in the nuclear power industry are that at first an inter-governmental agreement should be signed, simultaneously an agreement between the finance ministries of the two countries on terms of credit is already at its home stretch,” Kiriyenko noted. “Still, total limit is set at 10 billion euro, but the sum will be smaller,” he added.

Kiriyenko also noted that the exact value of the project will be set after technical specialists do their work. The sum of contract will be set, proceeding from current prices and technical parameters of the nuclear power plant. The Rosatom chief also noted that a pre-contract agreement to build the nuclear power plant envisages three spheres of works: construction of the nuclear power plant, delivery and reprocessing of fuel and maintenance.

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