"When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely, in your thoughts, advanced to the stage of science, whatever the matter may be."
Lord Kelvin

Corruption Risk of the Nuclear Power Plant Investments: What Can We Expect in the Case of Paks II?

Presentations, Publications, Reports, ,

 

December 22, 2014

 

In January 2014, the Hungarian Government announced that it had reached an agreement with the Russian Government to construct two new reactors to replace the current capacity at the Paks nuclear power plant. Paks I is a Soviet-built plant that has been operational since 1983. It is the only nuclear power plant in the country and provides about 40% of Hungary’s electricity. With an estimated budget of 3-4 trillion Hungarian forint (9-13 billion euros), the project will be Hungary’s most significant investment in the next decade. The investment will be financed through credit from the Russian government.

The CRCB’s study analyzes the corruption risks associated with the planned Paks nuclear power plant investment, drawing on relevant economic theory and empirical evidence. It summarizes lessons from similar Hungarian and foreign investments. We also estimate social and corruption-related losses expected during the project.

The research was financed by
the Energiaklub Climate Policy Institute Applied Communications (http://www.energiaklub.hu/en). 

Paper (in Hungarian)

Summary (in English)

Slides (in Hungarian)

Interview with Mihaly Fazekas in the portfolio.hu (in Hungarian, PDF)

 

Suggested citation:

 

Fazekas, M., Főző, Zs., & Tóth. I. J. (2014). Az atomerőmű-beruházások korrupciós kockázatai: mire számíthatunk Paks II. esetében? (Corruption Risk of the Nuclear Power Plant Investments: What Can We Expect in the Case of Paks II?). CRCB & Energiaklub Climate Policy Institute. http://www.crcb.eu/wp-content/uploads/2014/12/paks_2014_tanulmany_141023_0005.pdf