New Projects, Nuclear, Reactors

Russia OK’d to build two nuclear reactors in Hungary

EU Opens Investigation into Paks Nuclear Plant Financing

Russia is approved to build two new nuclear reactors in Hungary at the country’s only nuclear power plant.

According to The Associated Press, Russia will provide a 10 billion euros ($13.6 billion) to cover about 80 percent of construction costs. Hungary’s parliament says in the article that expanding the Paks nuclear power plant will decrease Hungary’s dependence on foreign resources. Hungary already gets most of its natural gas and oil from Russia.

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