Siemens Energy has received the green light because its Hungarian subsidiary has obtained the necessary permits for the implementation of the Paks II. project, so there is no obstacle for the company to participate in the construction of the nuclear power plant as a supplier of I&C according to the original plans – announced Péter Szijjártó, Minister of Foreign Affairs and Trade, adding: the German company is bringing its nuclear I&C department to Hungary, so the implementation of the project will take place through the Hungarian subsidiary. This is favourable for our country because a significant high-tech industrial capacity will be created in Hungary.

– The I&C of the new units, i.e. essentially the nervous system of the power plant, will be “Made in Hungary” to a significant extent – emphasized Péter Szijjártó, highlighting that the Russian primary circuit and the European I&C are a tried and tested and well-functioning combination and moreover all of this will be installed in the Paks II. units in the best Western European I&C configuration currently known.

As has been known since 2019 the Paks II. Nuclear Power Plant will be built with Western I&C and the tender for this was won by the French-German Framatome-Siemens consortium. Siemens Energy has always strived to fulfil its contractual obligation, but due to the lack of an export license it was unable to do so. Despite this the German company has repeatedly confirmed its intention to participate in the project in recent years, remained committed to the investment and there has been continuous contact between the large company and the Hungarian government.

The presence of Siemens Energy's nuclear capability in Budapest is also of strategic importance, as more and more European countries are turning to nuclear energy or keeping the technology in their energy mix due to competitiveness and sustainability considerations. In addition to neighbouring countries more and more Western European states are planning new nuclear investments, although due to their geographical conditions they could rely on renewable capacities to a significant extent - such countries are Belgium, Switzerland or Denmark. This could represent an additional market for the German company's Hungarian subsidiary.