Russia, Hungary Sign Accord to Expand Paks Nuclear Power Station

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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