Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh
Israeli PM's office: PM informed Trump he would not attend Sharm el-Sheikh Summit on account of Jewish holidays.
Israeli media: Netanyahu makes last-minute decision to cancel trip to Sharm el-Sheikh.
Al Mayadeen's correspondent: Large crowds gather in Khan Younis to welcome the liberated Palestinian detainees, waving flags of Hamas and Islamic Jihad in celebration
Buses of released prisoners arrive in Ramallah
Israeli media: Netanyahu gifts Trump a "Golden Dove".

Russia and Hungary in agreement to begin construction Paks-2 NPP

  • By Al Mayadeen English
  • Source: Agencies
  • 18 Aug 2023 19:42
  • 1 Shares
3 Min Read

An agreement to transition to the direct construction of the Paks-2 nuclear power plant in Hungary was signed between Hungarian company Paksi Atomeromu Zrt and the Russian Rosatom affiliate company JSC ASE.

  • x
  • The area of the Paks Nuclear Power Plant to prepare the new Paks II construction. (AFP)
    The area of the Paks Nuclear Power Plant to prepare the new Paks II construction. (AFP)

Hungarian company Paksi Atomeromu Zrt, through its CEO, Gergely Jakli, signed an agreement with Vice President Alexander Merten of the Russian Rosatom state nuclear corporation's foreign trade organization, JSC ASE, greenlighting the transition of the Paks nuclear power plant to the direct construction stage.

According to Sputnik, the nuclear power plant known as Paks-2 has been drawing the attention of the Hungarian industry and European industry in general, as well as global attention.
 
Merten stated that "the transition to the direct construction phase gives us the green light to start the production of the main power equipment."

In late 2014, Russia and Hungary signed an agreement on the construction of two additional advanced reactors for the Paks II nuclear power plant. The sides agreed that Russia would allocate 10 billion euros ($9.84 billion) in a loan to finance the construction of the units.

In August 2022, the Hungarian Atomic Energy Authority (HAEA) issued a number of permits for the construction of the fifth and sixth units of the NPP.

In September of that year, Hungary's Foreign Minister Peter Szijjarto told Sputnik that his country would not support EU sanctions if they affect the country's cooperation with Russia in the energy sector.

Related News

Viktor Orban warns European Union risks collapse without reform

EU mulls curbing Russian oil pipeline supplies to Hungary, Slovakia

Read more: Hungary's FM slams US for meddling in other countries' affairs

"That's why we will continue our approach that energy is an absolute red line, we don't know what's going to be in this new [sanctions] draft, but what I can for sure tell you that we will protect our national interest, namely, that we will not agree with any kind of sanctions which would put an obstacle to the energy cooperation, because it's a physical issue for us," Szijjarto said on the sidelines of the United Nations General Assembly.

According to the Foreign Minister, Russian energy resources are currently irreplaceable for Hungary.

"And physically, it is impossible currently, for my country to replace the Russian energy sources. It's impossible when it comes to oil, because the possible alternative pipeline has not enough capacity. And when it comes to gas, there is no other source and no other pipelines which could deliver the similar amount which would fall out because if you have an out falling volume, you need to be sure that you can replace it from somewhere," the diplomat explained.

Szijjarto stressed that his country will not allow the citizens to suffer from the conflict in Ukraine.

"I can speak on behalf of Hungary, we will avoid one situation, definitely, which would be that the Hungarian people would be forced to pay for a price of a war for which they have no responsibility," he indicated.

Read more: Hungary FM warns NATO that Ukraine-bound weapons may end up in Africa

  • Hungary
  • Moscow
  • Budapest
  • Russia
  • Paks-2 NPP
  • Nuclear power plant

Most Read

Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • Today
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
US media rejects Pentagon rules limiting access to official info
Politics

US media reject Pentagon rules limiting access to official info

Australia open to sending troops to Middle East post-ceasefire
Politics

Australia open to sending troops to Middle East post-ceasefire

Arab journalists in US say they're being silenced after Gaza coverage
Politics

MENA journalists in US report heightened scrutiny since Gaza war began

Maduro offers Gaza aid and calls for real justice after Sharm El-Sheik.
Latin America

Maduro offers Gaza aid, calls for real justice after Sharm El-Sheikh

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS