TASHKENT, Uzbekistan, December 12. Uzbekistan’s
Atomic Energy Agency (Uzatom) held talks with Hungary’s MVM EGI
Zrt. on potential Hungarian participation in the construction of an
integrated nuclear power plant in Uzbekistan, Trend reports via the
agency.
The meeting was attended by the Director of Uzatom, Azim
Akhmedkhadjaev, and the CEO of MVM EGI Zrt., Péter Kárpáti.
During the discussions, the parties explored various avenues for
securing export financing through Hungary’s Eximbank, evaluated the
current status of financing arrangements for the project, and
assessed the potential for finalizing a four-party framework
agreement for the implementation of dry cooling system
technologies.
Considerable focus was placed on harmonizing the efforts of all
project stakeholders to ensure the efficient progression of the
project, foster long-term international collaboration, and
facilitate the integration of innovative, high-tech solutions into
Uzbekistan’s nuclear energy sector.
The parties agreed to convene the next round of negotiations in
Hungary in January 2026, during an official visit by a delegation
from Uzatom. This forthcoming meeting will involve representatives
from Hungary’s Eximbank, OTP Bank, and other key financial and
governmental entities.
In May 2025, as part of President Shavkat Mirziyoyev’s official
visit to Hungary, an Agreement on Cooperation and a Memorandum of
Understanding were signed between Uzbekistan's Uzatom Agency and
Hungary's state-owned enterprise MVM EGI Zrt. These agreements set
forth a framework for collaboration in joint scientific research,
the development and implementation of cutting-edge technological
solutions, and the deployment of dry cooling systems at nuclear
power plants.
Moreover, the documents address the localization of related
technologies, the establishment of requisite infrastructure, and
the provision of professional training and capacity-building
programs for specialists within the nuclear energy sector.
