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Serbia, Country is interested in acquiring a minority stake in the Hungarian project for the expansion of NPP Paks

28.Nov 2021.

Serbian President Aleksandar Vucic said that Serbia is interested in acquiring a minority stake in the Hungarian project for the expansion of nuclear power plant Paks.

President Vucic said that he has already talks on this matter with Hungarian Prime Minister Viktor Orban, adding that such a move will guarantee Serbia’s energy stability and independence. He said that Serbia is prepared to buy 5-15 % stake in the project.

In January 2014, Hungarian Government has signed deal with Russia`s Rosatom, with a goal to increase output of the power plant, from current 2,000 MW to 4,400 MW by adding two more reactors. Under the agreement, Russia will provide 10 billion euros loan for the construction of new unit in existing NPP, which is around 80 % of estimated construction cost. According to initial plan, first unit was supposed to become operational in 2023, however, the construction has not started yet.