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Russia, Hungary Sign Accord to Expand Paks Nuclear Power Station

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Jan. 14 (Bloomberg) -- Agreement calls for Russia to build 2 new reactors at Hungarian plant in Paks, nearly doubling current capacity, Russian President Vladimir Putin says, speaking to reporters near Moscow. * Putin speaks after meeting with Hungarian PM Viktor Orban * Tax revenue from new units at Paks plant may be $1b: Putin * Rosatom CEO Sergei Kirienko, Hungarian Development Minister

Zsuzsanna Nemeth sign accord on nuclear power usage * Russia, Hungary in preparing new L-T natural gas supply

agreements for contracts that expire in 2015: Putin * NOTE: Earlier Nol said that Paks plant expansion project may

cost as much as $18b

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