MVM pairs up with U.S. institute
Hungary's state-owned energy group MVM has signed an agreement on cooperation in research and development with the Electric Power Research Institute (EPRI) from the United States, in order to improve security and efficiency in Hungary's Paks nuclear plant, the parties announced on Friday, according to MTI news agency. EPRI has a $170 mln budget for nuclear-related research for 2015.
Their main areas of research include treatments in the aging process, substance analysis, enhancing reliability of fuel and installments, leading nuclear technologies and treatment of nuclear waste. EPRI's results will be shared with MVM, and the U.S. institute will be able to join research programs to help Hungary's Paks nuclear power plant meet its current challenges, the announcement said.
The Paks (central Hungary) plant was built by the Soviet Union, and last year Hungary signed an agreement with Russia to expand it by 2025. EPRI is an independent non-profit organization which is in contact with 80% of the world's nuclear plants.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
