Serbia, Country’s intentions to take part in the construction of nuclear power plants in neighboring countries,

, News Serbia Energy

Serbian President Aleksandar Vucic reiterated the country’s intentions to take part in the construction of nuclear power plants in neighboring countries, adding that the possibility of installation of small modular reactors (SMR) in Serbia is also being considered.

President Vucic said that he spoke with Hungarian President Viktor Orban about the investment in the project for the expansion of Hungary’s sole nuclear power plant Paks. According to him, Serbia is prepared to purchase 15 % stake in the project and will pay good money for it. The negotiations are still at the beginning because the two new reactors at NPP Paks are expected to come online in 2035.

He also reminded that there were negotiations with former Bulgarian Prime Minister Boyko Borissov on Serbia’s participation in the project for the construction of NPP Belene.

However, Vucic believes that the installation of SMRs in Serbia is the safest bet. The decision would not be rushed, but it would be subject to serious cost-benefit and safety analyses, with the highest environmental standards.