On Russia and Hungary entering into a cooperation agreement on...

On Russia and Hungary entering into a cooperation agreement on nuclear and radiation safety with respect to the peaceful use of nuclear energy
http://government.ru/en/dep_news/12277

10 May 2014 08:00
The agreement is being prepared at Hungary’s initiative in view of its intention to promote cooperation with Russia on operating, upgrading and shutting down blocks 1 through 4 of the Paks Nuclear Power Station, as well as designing, building and launching two new power blocks with Russian reactors at this station.

Russia’s Federal Service for Supervision of Environment, Technology and Nuclear Management (Rostekhnadzor) submitted a draft directive on holding talks with the Hungarian Atomic Energy Authority in view of entering into a cooperation agreement on regulating nuclear and radiation safety with respect to the peaceful use of nuclear energy (hereinafter referred to as the “Agreement”).

The directive is aimed at fulfilling the objective of the Development of the Nuclear Power Industry state programme to “enhance the innovative potential of Russian nuclear technology and promote its use.”

The agreement is being prepared at Hungary’s initiative in view of its intention to promote cooperation with Russia on operating, upgrading and shutting down blocks 1 through 4 of the Paks Nuclear Power Station, as well as designing, building and launching two new power blocks with Russian reactors at this station.

In light of the lessons learned from the Fukushima Daiichi nuclear disaster in Japan, such areas as regulatory oversight of nuclear power station performance indicators, emergency preparedness and response and training of the regulatory body’s staff will be factored into the Agreement.

The Agreement also provides for promoting cooperation regarding safety regulations in the peaceful use of nuclear energy in various areas, including devising a regulatory framework, exchanging experience in exercising oversight and control, as well as preparing and conducting inspections.

The Agreement is expected to facilitate the emergence of a national nuclear and radiation safety regulatory framework in Hungary.


Market cap only $5.7m, valuing Europe's largest Uranium asset at $1.7m!

To use a cliche it's a "No brainer" from these levels

Uranium deal soon

GLA