24.2 C
Accra
Tuesday, August 5, 2025
WorldRussia to build two nuclear reactors in Hungary - Foreign Minister

Date:

Russia to build two nuclear reactors in Hungary - Foreign Minister

Hungary’s Foreign Minister, Peter Szijjarto, has announced that plans are underway for the construction of two new nuclear reactors in the country.

According to Peter Szijjarto, Russian nuclear power giant Rosatom will be constructing these reactors in Hungary in some weeks to come.

“Let the construction begin!” said Foreign Minister Peter Szijjarto in a Facebook post.

The deal, reached between Russia and the EU state in 2014, aims to expand the existing Paks nuclear plant.

“This is a big step, an important milestone,” Mr Szijjarto said in a Facebook post quoted by AFP news agency.

“In this manner we will ensure Hungary’s energy security in the long term and protect Hungarians from wild swings in energy prices,” he added.

Russia’s nuclear industry has not been subjected to EU sanctions over its bloody invasion of Ukraine.

Moves to isolate and sanction its oil and gas exports have not been unconditionally supported by Hungary.

The Paks site currently generates 40% of Hungary’s electricity supply.

With the additional two reactors, the nuclear power station – currently made up of four Soviet-built reactors – will see its capacity more than double.

According to Peter Szijjarto, the nuclear reactors could be ready for service by 2030.

The controversial €12.5bn (£10.6bn; $12.4bn) project is largely financed by Russia.

In the wake of the war in Ukraine, many EU states have been trying to lessen their dependence on Russian supplies of energy.

[forminator_poll id="710479"]

Latest stories

“Don’t make me and Stonebwoy fight ooo”- Samini warn netizens

Veteran dancehall musician, Samini has warned netizens to resist...

Kanye West’s Heil Hitler song bans him from entering Australia

US rapper Kanye West has been banned from entering...

Agradaa describes moment shared with President Mahama heavenly – Agradaa

Evangelist Patricia Asiedua, popularly known as Agradaa, shared a...

Dada Joe Remix extradited to face romance scam charges in USA

Ghana’s nightlife mogul and alleged crypto kingpin, Nana Kojo...

Govt launches 24-Hour Economy policy today

The government's flagship, 24-Hour Economy Policy, will be launched...

GRA sets July 16 for GHS1 fuel levy implementation

The implementation of the new GHS1 Energy Sector Shortfall...

Related stories

US travel ban against Togo, Libya, others takes effect today

Effective today, Monday, June 9, nationals of twelve countries...

Pakistan: Police in search of over 200 inmates following earth tremor

Over 200 inmates are currently on the run after...

Pope Leo XIV shares canonical acceptance

Cardinal Robert Francis Prevost has officially accepted his election...

Profile of the new Pope – Cardinal Robert Francis Prevost

"Peace be with all of you!" - the first...

Cardinal Robert Francis Prevost named as the 267th Pope, takes the name Pope Leo XIV

Cardinal Robert Francis Prevost has been elected as the...

Black smoke signals end of first day of conclave to elect new pope

A thick column of black smoke rising from the...

Siemens exec and his family involved in fatal Hudson helicopter crash

Tragedy struck New York City on Thursday when a...