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European regulators start legal action against Hungary’s Paks nuclear power project

justiceflag-EUEU starts legal action over Hungary nuclear project, Reuters,  By Barbara Lewis and Gergely Szakac BRUSSELS/BUDAPEST, Nov 19  2015 European Union regulators started legal action against Hungary on Thursday over a contract it awarded to Russia’s Rosatom to expand the Paks nuclear power plant, but Hungary said it would press ahead with its plans.

The EU’s executive Commission has been holding talks to try to resolve differences after Hungary chose Rosatom last year to build two new nuclear reactors, partly financed by a favourably priced Russian loan worth 10 billion euros ($10.7 billion).

“The Commission raised concerns about the compatibility with the EU public procurement rules,” Commission spokeswoman Lucia Caudet told reporters following the announcement of formal infringement proceedings……

Lengthy infringement procedures can lead to action in the European Union’s highest courts in Luxembourg which have the power to hand out fines……..Apart from the alleged breach of public procurement rules, the Commission also has concerns the Paks plant would be overly dependent on Russia.
Read more at Reutershttp://www.reuters.com/article/2015/11/19/hungary-nuclear-eu-idUSL8N13E2NS20151119#gVWtC2IlMCXIeFxc.99

November 20, 2015 - Posted by | EUROPE, Legal

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