Role of the MVM Ltd.

A project company, named as MVM Paks II Ltd. was created in 2012, under the MVM Ltd., for implementing the Paks 2 project. This company would manage the construction project, after that the units would be taken over for operation by the Paksi Atomerőmű Zrt., the operator of the existing units of the NPP.

According to the government, ROSATOM will be the project manager, although there is no clear picture about sharing tasks and responsibilities between ROSATOM and MVM.

As the government acknowledged that MVM could not take the € 10 billion loan, it still remains a question whether MVM could afford to finance the still considerable 20% Hungarian share (2-2.5 billion euro).