Wednesday, April 22, 2015

22/4/15: Rosatom back at play in Hungary and Finland


Just about a month a go I wrote about the Euratom rejection of the Russo-Hungarian Paks nuclear reactor deal (http://trueeconomics.blogspot.ie/2015/03/13315-south-stream-redux-rejecting.html). The latest news, however, appear to indicate that someone somewhere in the basement of some Brussels building woke up and smelled the roses.

It looks like Paks deal is back on, though no idea as of yet what is happening with its modalities: http://www.world-nuclear-news.org/UF-Euratom-approves-Paks-II-fuel-supply-contract-21041501.html

Which means the next step is Finland's Fennovoima: http://www.eurasiareview.com/17042015-russias-rosatom-seeks-to-woo-eu-with-guaranteed-low-electricity-price/ where Russia already put aside USD1 billion for construction of the Hanhikivi NPP (stage 1): http://sputniknews.com/business/20150402/1020365295.html

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