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Paks II Nuclear Power Plant Expansion

Sector: Nuclear • Location: Paks, Hungary

Source: Nuclear Engineering International

Project
Under Construction

The Paks II project involves the expansion of the existing Paks nuclear power plant in Hungary with two new VVER-1200 reactors supplied by Russian enterprises. The project includes a Russian state loan of up to $10.5 billion to finance 80% of the project. The construction has faced delays due to US sanctions on Russia and technical problems but is now back on track after the lifting of sanctions.

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The project “Paks II Nuclear Power Plant Expansion” is an infrastructure initiative in the Nuclear sector, located in Paks, Hungary. Taiyo aggregates data on it from Nuclear Engineering International.

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Participants

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under construction

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Description

Description

The Paks II project involves the expansion of the existing Paks nuclear power plant in Hungary with two new VVER-1200 reactors supplied by Russian enterprises. The project includes a Russian state loan of up to $10.5 billion to finance 80% of the project. The construction has faced delays due to US sanctions on Russia and technical problems but is now back on track after the lifting of sanctions.

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Source reliability

High

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