Hungary's Paks Nuclear Deal Faces European Investigation

GALWAY, IRELAND--March 2, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) Hungary's plans to build a €10 billion ($13.6 billion) nuclear power plant (NPP) at Paks using Russian money is being investigated by the European Commission (E.C.).

The E.C. has confirmed that an investigation is underway into possible anti-trust violations which, if proved true, will lead to the project being delayed or potentially scrapped.