Paks II Minister-Elect: Upgrade Price “Fixed” At EUR 12.5 Bn

  • 17 May 2018 7:18 AM
  • Hungary Matters
Paks II Minister-Elect: Upgrade Price “Fixed” At EUR 12.5 Bn
The upgrade of the Paks nuclear power plant has a “fixed price” of 12.5 billion euros, János Süli, the minister-elect without portfolio in charge of planning and implementing construction of two more blocks at the plant, said in a hearing before the parliament’s economy committee.

Russia is lending Hungary 10 billion euros of the cost and 2.5 billion euros is coming from domestic sources, Süli said.

The credit is favourable: Hungary has the right to make early repayments without penalty if the budget allows or if there are better lending conditions on the market, he added. Süli served as minister in charge of the Paks II upgrade in the previous Fidesz-KDNP government for about one year.

MTI Photo: Kovács Tamás

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