Hungarian Russian Nuclear Energy Deal With Signed In Moscow
- 15 Jan 2014 9:00 AM
The present 1200MW capacity of Paks will double as the expanded facility will have four blocks instead of the present two.
Russia will extend a €10-12 billion preferential loan to Hungary at below market rates with a 30-year maturity to finance the deal, Prime Minister’s Office leader János Lázár told journalists in Parliament.
Of that, Hungarian companies will receive 40% of the entire sum, roughly €3-4 billion, and at least €1 billion will return to the state budget in the form of taxes and social insurance contributions.
Source: Hungary Around the Clock
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