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Economy & Policy

Russia’s Rosatom can still carry out Paks development

The expansion of the Paks nuclear power plant serves Hungary's economy and security.

After talks with Rosatom CEO Alexei Likhachev in Istanbul on Thursday, Foreign Minister Péter Szijjártó told the National Press Office (MTI) that Rosatom’s leaders assured Hungary that they are still technologically capable of implementing the project. 

He added that the Hungarian Nuclear Energy Office is now examining the submitted applications and if the construction of the plant can move on to the next phase.

“The construction of the two new nuclear power units will serve Hungary’s security, economic and strategic interests, and will make Hungary’s energy supply more secure and predictable,” the minister said, adding that the world, Europe and Hungary will face challenges of a kind that no one had expected at the end of the first quarter of the 21st century.

Hungary, which is basically forced to import energy resources, has an interest in being as self-sufficient as possible in terms of energy production, and the greatest potential for self-sufficiency in energy production is nuclear energy.

Szijjártó said nuclear energy is a cheap, safe and environmentally friendly way of producing energy and will ensure that Hungary can not only maintain the cuts it implemented in utility prices but achieve its environmental targets as well.

It is important for Hungary to strengthen its nuclear energy sector, where nuclear fuel can be stockpiled for many years in advance. The use of nuclear energy provides a significant degree of independence and stability in energy supply and thus contributes significantly to the EU’s energy security, he concluded.

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