Hungarian Prime Minister Viktor Orban met with Russian President Vladimir Putin near Moscow on Tuesday to discuss economic relations between their two countries and the anticipated expansion of Hungary's state-owned nuclear plant, MVM Paksi Atomeromu Zrt.
Hungary has sought to double the nuclear plant's 2,000-megawatt output for years. On Tuesday, Russia agreed to finance the expansion, with Russia providing Hungary a 30-year loan to finance 80% of the construction costs.
Russian state-owned nuclear energy firm Rosatom will construct two 1,200 megawatt units at a cost of 10-12 billion euro ($13 billion-$15.6 billion) within MVM Paksi Atomeromu Zrt.
[Wall Street Journal]