Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade

  • 20 Nov 2015 3:00 AM
Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade
Commenting on the European Commission’s infringement procedure in connection with the planned expansion of the Paks nuclear power station, Prime Minister Viktor Orbán told public radio that it is in Hungary’s basic interest to operate and expand the Paks plant because electricity prices would sharply rise without Paks. “Cheap electricity equals Paks”, he said, adding that “we will continue moving forward.”

“The operation of Paks is the number one precondition for cheap electricity in Hungary,” he said.

The Hungarian government will carry out the Paks investment, he said, adding that in the recent period, no nuclear power station project was subject to a tender procedure in Europe, for instance, in Finland.

“One could again mention the double standards but I would rather not moan and instead accept that a large amount of money is at stake,” he said.

Many European countries would like to participate in this business and the EU is protecting their interests, he said, adding that “where there is meat, there are also flies”.

Meanwhile, commenting on the Constitutional Court decision to annul parts of the law on compensating the victims of failed brokerage Quaestor, he said a detailed system of settlement needs to be prepared instead of general compensation.

A group of lawyers is already at work in the Justice Ministry to translate the top court’s decision into a solution and prepare the detailed settlement system, Orbán said.

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