European regulators on Monday cleared Hungary to expand its Paks nuclear plant, approving a project that will extend Russia’s influence over the energy policy of a state that has actively promoted its interests within the EU.
Budapest signed a 12 billion euros ($12.7 billion) deal for two new reactors with Russia in 2014, to be built by state atomic energy corporation Rosatom.
After a lengthy probe, European Union state aid regulators said on Monday that government measures within the plan would ensure its operator would not be over-compensated or gain an unfair advantage over other energy providers.
Russian loan helps fund upgrade
Paks …read more
Source: Voice of America
