Western Partners Confirm Readiness To Continue Cooperation On Paks II NPP - Rosatom
Faizan Hashmi Published September 13, 2022 | 11:10 AM
MOSCOW (UrduPoint News / Sputnik - 13th September, 2022) Western partners and Hungarian contractors have confirmed their readiness to continue cooperation on the construction of the Paks II nuclear power plant (NPP) in Hungary regardless of sanctions, Alexander Merten, a senior executive at Rosatom subsidiary ASE JSC, told Sputnik.
"The sanctions have not targeted the nuclear energy sector and Russian companies which specialize in this field. It is important to point out that our Western partners such as the GE-Alstom turboelectric equipment supplier and the consortium of the Siemens and Framatome automation and construction companies as well as may others Hungarian contractors have confirmed their readiness to jointly develop the project," Merten said.
In late August, the Hungarian Atomic Energy Authority (HAEA) issued a number of permits for the construction of the fifth and sixth units of the NPP.
Hungary's only nuclear power plant, Paks, generates almost half of all electricity in Hungary, with the share expected to double after the planned commissioning of two new NPP's reactor units. The Hungarian leadership has repeatedly emphasized that nuclear energy is a way to ensure the country's energy security.
In late 2014, Russia and Hungary signed an agreement on the construction of two additional advanced reactors. The sides agreed that Russia would allocate 10 billion Euros ($10.1 billion) in a loan to finance the construction of the units.
Related Topics
Recent Stories
US wants basic human rights for Imran Khan, all other prisoners
Hajj season begins: Karachi Airport Set for Inaugural Flight
IHC orders Jail officials to shift Bushra Bibi to Adiala Jail from Bani Gala
Projects of worth $25b being implemented in Pakistan under CPEC framework: Ahsan
Saudi investors evince special interest in diverse fields
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 8 May 2024
Today Gold Rate in Pakistan 08 May 2024
Delegation of international investors meets Finance Minister
Federal Govt stands with Balochistan for its development: Naqvi
UAE President receives condolences of Prime Minister of Pakistan over passing of ..
ECC approves to enhance wheat procurement targets
UN urges Israel to 'stop escalation' as tanks enter Gaza's Rafah city
More Stories From World
-
F-16 jet crashes in Singapore
15 minutes ago -
Pakistan to continue facilitating Sikh community's visits to their religious places: Masood khan
15 minutes ago -
Riyadh Season signs strategic partnership with MMA
15 minutes ago -
Asian markets mixed as traders weigh rates outlook
15 minutes ago -
Tokyo shares end down on profit-taking
15 minutes ago -
GACA President meets with Belarusian Deputy Minister of Transport and Communications
15 minutes ago
-
Japanese auto giant Toyota posts record net profit
25 minutes ago -
Mediator Qatar urges international community to prevent Rafah 'genocide'
35 minutes ago -
N. Macedonia polls set to upend ties with EU neighbours
45 minutes ago -
Kenya sanctuaries toil to save birds of prey from extinction
45 minutes ago -
China completes 4-tier disaster risk evaluation via national survey
45 minutes ago -
Saudi International Furniture and Decor exhibition launches in Jeddah
55 minutes ago