Hungary Gets $14Bln Loan for Nuclear Plant



As Russia looks for more profits from long-term nuclear energy projects with other countries, President Vladimir Putin and visiting Hungarian Prime Minister Viktor Orban on Tuesday agreed a deal to finance the construction of two new blocks at Hungary’s Paks nuclear power plant.

Russia will lend up to 10 billion euros ($13.7 billion) to Hungary to help build the power-generating units, Sergei Kiriyenko, head of state-owned nuclear plant builder Rosatom said, RIA Novosti reported. The units will double the power plant’s current two gigawatt capacity.

Read more:
The Moscow Times

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