• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
  • Login
  • Register
thehopper.news
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News
    • All
    • Politics
    • World
    State Department on alert after hoaxer uses AI to impersonate Marco Rubio

    State Department on alert after hoaxer uses AI to impersonate Marco Rubio

    Missing minute in Epstein jail video fuels speculations about his death

    Missing minute in Epstein jail video fuels speculations about his death

    3 killed in Ukrainian drone strike on public beach – governor

    Another Macron critic found dead in France

    Another Macron critic found dead in France

    ICE Said They Were Being Flown to Louisiana. Their Flight Landed in Africa

    ICE Said They Were Being Flown to Louisiana. Their Flight Landed in Africa

    Ukraine threatens new invasion of two Russian regions

    Ukraine threatens new invasion of two Russian regions

    Mother dies trying to save son from draft officers in Ukraine – media (VIDEO)

    Mother dies trying to save son from draft officers in Ukraine – media (VIDEO)

    Russia took Afghanistan without firing a shot

    Russia took Afghanistan without firing a shot

    Kremlin ‘shocked’ by likely suicide of ex-minister

    Kremlin ‘shocked’ by likely suicide of ex-minister

    Ukraine silent about new peace talks – Kremlin

    Ukraine silent about new peace talks – Kremlin

No Result
View All Result
thehopper.news
No Result
View All Result
Home News

Russia greenlights loan for power plant in EU state

by Admin
July 9, 2023
in News, Politics, World
0
27
SHARES
108
VIEWS
Share on FacebookShare on Twitter

Published: July 9, 2023 12:33 pm
Author: RT

The funds will go to the expansion of the Paks Nuclear Power Plant, which currently provides about half of Hungary’s electricity

The Russian government has approved a state loan to finance the construction of two nuclear reactors for Hungary’s Paks Nuclear Power Plant, known as the Paks-2 project, according to a decree published on the government’s official portal for legal information on Saturday.

Under the decree, Moscow has pledged to allocate up to €10 billion ($10.2 billion) for the project, which is scheduled to launch in mid-2024. The loan is expected to finance the majority of the project, which in total is estimated at €12.5 billion.

According to the decree, the loan is free from taxes and is to be paid without “commissions, restrictions, deductions, exemptions, or compensatory withholdings.”

Paks is Hungary’s only nuclear power plant. Under the deal, which was signed in 2014, Russian state nuclear energy major Rosatom is to build power units 5 and 6 of the plant, with a capacity of 1.2 gigawatts each. The four existing reactors at Paks were brought online between 1982 and 1987, and produce about half of the country’s electricity. With the new modern nuclear reactors, the authorities expect to double the plant’s power output.

The Paks-2 project has been hit with long delays, but Budapest has already issued the license for the construction of the power units by Rosatom. It was also recently granted permission to amend its contract with Russia and include a project management company to speed up the construction process.


READ MORE: EU greenlights Russian-built nuclear plant

Russia’s nuclear sector has so far not been targeted by the EU’s Ukraine-related Western sanctions, and Hungary has repeatedly said it would veto any attempts to impose any such restrictions.

Rosatom accounted for 20 of the 53 nuclear reactors under construction globally in mid-2022, and has recently finished building Türkiye’s first atomic power plant in Akkuyu. Russia is also providing fuel to several nuclear reactors in India and China, and building the first-ever nuclear power plant in Bangladesh.

For more stories on economy & finance visit RT’s business section

Full Article

Tags: Russia Today
Share11Tweet7
Previous Post

Russian agents ‘left feces’ in US official’s suitcase – WSJ

Next Post

US firms revealed as largest tax contributors to Russia – Ukrainian study

Admin

Admin

Next Post

US firms revealed as largest tax contributors to Russia – Ukrainian study

thehopper.news

Copyright © 2023 The Hopper New

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home
    • About
  • Video
    • Discussion
  • Geopolitics
  • Intel & Security
  • Foreign Affairs
  • News

Copyright © 2023 The Hopper New

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.