Hungary Weighs Replacing Rosatom at Paks
Hungary is reviewing the expansion of its Paks nuclear power plant and considering alternative contractors to replace Russias Rosatom. The government expects to make a final decision later this year or early next year.
Insights:
Hungary is considering replacing Russia's Rosatom as the main contractor for the €12.5 billion Paks nuclear expansion. The review comes as the politically sensitive project faces soaring costs and legal challenges. A cabinet decision could reshape energy ties between Budapest and Moscow amid broader European decoupling from Russia state energy suppliers.
