for low and intermediate-level waste storage facility. Parliament approved this construction in November 2005. The costs of this construction will be covered by the Central Nuclear Financial Fund, the fund the nuclear power companies pay into. In December 2012, the storage facility started operation by receiving its first batch of nuclear waste. The construction costs were 68 billion forint (approx. $310 million). Future In January 2014, the Russian President and Hungarian Prime Minister, Vladimir Putin and Viktor Orbán agreed to build two VVER reactor units at the Paks Nuclear Power Plant. According to the €10 billion ($11 billion) intergovernmental agreement two new power units with the capacity of 1200 MW each will be constructed and are expected to start by 2030. References