In Hungary, “Orban’s nuclear dreams thwarted” by the European Union
In 2017, the European Commission approved Hungary's decision to contract out the expansion of the Paks nuclear power plant to a Russian company. The Court of Justice of the European Union's annulment of this decision on September 11th has disrupted the project, a symbol of rapprochement between Budapest and Moscow.
On Thursday, September 11, Telex reported , the Court of Justice of the European Union (CJEU) annulled the green light granted in 2017 by the European Commission to the Orban government to entrust the Russian company Nizhny Novgorod Engineering with the construction of two new reactors at the Paks nuclear power plant. According to the verdict, the Commission “should have examined” whether this direct award “[respected] EU public procurement rules,” the site specifies.
“Orban's nuclear dreams thwarted,” the EconomX portal claims , calling it a “bolt of thunder” for the Hungarian government. “This does not mark the definitive end of the project, but the Commission will have to conduct a new procedure and ensure that there is no public call for tenders for the investments to be maintained,” the media outlet notes. Quoted by EconomX, the specialist institute Energia Klub believes that “investment in the Paks II project has become economically and politically irrational.”
The Paks project, signed in 2014 between Budapest and the Russian nuclear energy giant Rosatom, the parent company of Nizhny Novgorod Engineering, It has been “experiencing successive delays for years,” notes Forbes Hungary . In addition, “the drastic increase in costs as well as the co
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