Hungary Could Lose EUR Billions in Compensation if Paks II Project Is Cancelled, Expert Warns
4 Articles
4 Articles
Rosatom continues to implement the project for the Paksh-2 nuclear power plant in Hungary in accordance with a schedule agreed with the employer.
Hungary could lose EUR billions in compensation if Paks II project is cancelled, expert warns
Hungary could face claims worth EUR billions if it terminates its contract to build the Paks II nuclear power plant, as a Finnish example serves as a warning. Continue reading: https://dailynewshungary.com/hungary-lose-eur-billions-paks-ii-cancel/
Rosat stated that it did not see any legal reasons for the possible termination by the Hungarian employer of the Paksh-2 nuclear power plant construction contract.
According to nuclear energy expert Zsolt Hárfás, the shutdown of the Paks expansion could result in compensation obligations of up to several billion euros. The possible termination of the contract between Rosatom and Hungary could also have a long-term impact on the country's electricity supply.
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