Hungary Can’t Call Down Credit For Paks Upgrade Till Brussels Finishes Probe

  • 11 Oct 2016 9:00 AM
Hungary Can’t Call Down Credit For Paks Upgrade Till Brussels Finishes Probe
Hungary cannot call down Russian credit for the upgrade of the Paks nuclear power plant until The European Commission finishes weighing the matter of state support for the project, the government’s commissioner for the upgrade said in Monday’s issue of daily Magyar Idők.

“Two probes are under way by the European Commission. One focuses on the question of state support, the other on public procurement measures,” Attila Aszódi told the paper.

“A so-called standstill is in place during the time of the review of the matter of state support, according to EU rules. The 10 billion forint Russian credit line can only be called down when that probe winds up. We have to wait until the Commission takes its final decision on the matter, and we have to see its precise content,” he said.

Asked whether a delay in the investment would buy time for more potential Hungarian subcontractors to prepare to participate in the project, Aszódi noted that the general contractor for the project, Russia’s Rosatom, is in charge of choosing its partners for the upgrade.

“The companies’ preparation is a complex question. Implementing the investments and carrying out the necessary procurements is the task of the Russian general contractor. Our Russian colleagues are organising a preparation programme for possible suppliers,” he said.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

  • How does this content make you feel?