Hungary To Invite Russia to Build Nuclear Reactors

26 May 2009 (Last Updated May 26th, 2009 18:30)

Hungary will invite Russia to take part in a tender for the construction of new nuclear power plants in late 2010-early 2011, said the director general of Paks nuclear power plant. Janos Suli, said that Hungary will not borrow money from the European Union for the projects. "We w

Hungary will invite Russia to take part in a tender for the construction of new nuclear power plants in late 2010-early 2011, said the director general of Paks nuclear power plant.

Janos Suli, said that Hungary will not borrow money from the European Union for the projects.

"We will not ask for money from the EU, nor will we ask for budgetary financing. However, 50% plus a stake in the new plants will belong to the government," Suli said.

The preparations for the construction will be completed by 2014 and the first reactor will be introduced in 2020.

Hungarian Paks nuclear power plant is one of the safest nuclear power plants. The four WWER-440 reactors of the plant were constructed with the support of the Soviet Union in the eighties.

By staff writer.