Hungarian Regulator Issues Site Licence For Paks 2

3 Apr (NucNet): The Hungarian Atomic Energy Authority (HAEA) has issued the site licence for the planned two-unit Paks 2 nuclear power station, the regulator said in a statement on 31 March 2017. MVM Paks II, the company in charge of the new-build project, applied for a site permit in October 2016. In September 2016, the planned station received a local environmental permit from regional authorities in Baranya county. In early March 2017, the European Commission cleared Hungary’s plans to finance Paks 2 by way of state aid. Separately, in November 2016, the EC closed an infringement case against Hungary regarding the compatibility of the project with EU public procurement legislation. An agreement signed in 2014 would see Russian state-owned nuclear corporation Rosatom supply two VVER-1200 reactors for Paks 2, as well as a loan of up to €10bn ($10.6bn) to finance 80% of the of the €12bn project.