Russian nuclear company Rosatom officially confirmed that GE Hungary, a local subsidiary of General Electric Europe, has won a tender for the supply of steam turbines for new reactors at Hungarian nuclear power plant Paks.
In late 2017, Rosatom said that it has accepted 793.8 million dollars worth offer of GE Hungary after the offer of the other bidder in the second round of the tender – Russian company Siloviyi Machini was discarded because its technical proposal did not comply with the tender documentation in several points. Siloviyi Machini appealed against this decision.
In January 2014, Hungarian Government has signed deal with Russia`s atomic energy corporation – Rosatom, with a goal to increase output of the power plant, from current 2,000 MW to 4,400 MW by adding two more reactors. Under the agreement, Russia will provide 10 billion euros loan for the construction of new unit in existing NPP, which is around 80 % of estimated construction cost. First unit is expected to become operational in 2023.