Paks II

Name

Paks II

Legal name

Paks II. Atomerőmű Zártkörűen Működő Részvénytársaság

Website

https://mvmpaks2.hu

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Product category

Nuclear Power Generation

NAICS

Nuclear Electric Power Generation (221113), Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Mechanical, Electrical & Piping Installation (MEP) (EUAKAAAG)

akta.pro secondary industries

Instrumentation & Control (I&C) Integration & Commissioning Support (EUAKAAAH), Nuclear Steam Supply System Components & Turbine Islands (IMAHAFAG), Reactor Instrumentation & Control (I&C) Platforms (Safety/Non-safety, Digital Upgrades) (EUAKADAH), Reactor Protection, Safety Systems & Engineered Safeguards (ECCS, Containment Isolation) (EUAKADAI)

Keywords

• Nuclear power generation
• Nuclear plant construction
• Baseload electricity supply
• VVER reactor technology
• Energy infrastructure development

Headquarters

HQ city

Paks

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Electricity Generation: Once operational, Paks II will generate electricity for Hungary's national grid. Revenue will be derived from electricity sales to consumers and industry through the national electricity market. The plant has a planned operational lifetime of at least 60 years with a power capacity factor exceeding 90%.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Paks II is a Hungarian state-owned project company that develops and constructs two new VVER-1200 nuclear reactor units (Blocks 5 and 6) at the existing Paks nuclear power plant site. The project is delivered under a fixed-price turnkey contract valued at 12.5 billion EUR with Russian contractor ASE. Once operational, the plant will supply baseload electricity to the Hungarian national grid for at least 60 years.

Product overview

Paks II is a nuclear power plant construction project in Hungary involving the development of two new reactor blocks (Units 5 and 6) using advanced 3+ generation technology. The project includes supporting infrastructure such as a Training and Simulator Center (Oktató- és Szimulátorközpont) for operator training, an on-site concrete plant (Betonüzem), and the Power Plant Investment Center (Erőmű-beruházási Központ). The project represents Hungary's largest domestic investment, featuring robust safety systems including core melt traps (zónaolvadék-csapda) and dual-wall containment structures. The construction phase involves extensive earthworks, foundation work, and infrastructure development at the Paks site.

Differentiator

Problem solved

Functional benefit

Products and services

• Paks II Nuclear Power Plant (Blocks 5 & 6) Two new nuclear reactor blocks using 3+ generation VVER-1200 technology, designed to provide baseload electricity to the Hungarian national grid. Targeted at the Hungarian state, national electricity infrastructure, and the Hungarian population, with an operational lifetime of at least 60 years and a capacity factor exceeding 90%.

Quantifiable outcome

• 17 million tonnes CO2 savings annually, equivalent to Hungary's entire transport sector emissions
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Atomsztrojekszport (ASE) / Russian Main ContractorcoreStrategic or Co-development PartnerThe main contractor for Paks II construction is Atomsztrojekszport (ASE), a Russian state-owned nuclear energy company. The turnkey fixed-price contract covers design, construction, and initial fuel supply. The project uses Russian VVER-1200 reactor technology. Hungarian state ownership of the project is maintained throughout.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Regional players

• ČEZ Group: Czech state-influenced utility that operates the Dukovany and Temelín nuclear plants and is currently developing new nuclear capacity at Dukovany. Comparable as a Central European state-linked nuclear operator pursuing new-build expansion in a similar regulatory and geopolitical context.

Direct peers

• Teollisuuden Voima Oy (TVO): Finnish nuclear operator that completed the Olkiluoto 3 (EPR, Gen III+) new-build project, one of Europe's most-watched nuclear project deliveries. Directly comparable as a dedicated nuclear project company delivering a single Gen III+ plant, sharing similar fixed-price/EPC structure and European regulatory environment.
• Emirates Nuclear Energy Corporation (ENEC): UAE state-owned project company that built the Barakah nuclear power plant (4 × APR1400 reactors). A near-perfect structural analog: dedicated state-owned project company delivering multiple reactors of foreign design under a single national program with state off-take.
• Akkuyu Nükleer A.Ş. Turkish project company building Turkey's first nuclear plant using four Russian VVER-1200 reactors, with Rosatom/ASE as the EPC contractor. The most direct peer: same Russian VVER-1200 technology, same Russian contractor, same state-driven project-company structure, and same multi-reactor delivery model.
• Georgia Power (Plant Vogtle Units 3 & 4): Southern Company subsidiary that completed the first new nuclear units built in the US in 30 years (AP1000). Comparable as a regulated-utility project company that delivered Gen III+ new-build under fixed-price EPC with state-regulated off-take and a multi-year construction timeline.

Others

• Westinghouse Electric Company: US-based Gen III+ nuclear technology provider (AP1000) competing with VVER-1200 in Central/Eastern European new-build tenders. Comparable as a potential alternative reactor vendor whose technology choice would have reshaped Paks II's cost and risk profile.
• Bechtel Corporation: Global EPC contractor with deep nuclear new-build experience (Vogtle, Hanford). Comparable as a nuclear EPC ecosystem participant whose engagement model is the alternative to ASE for large-scale nuclear project delivery.
• MVM Group: Hungarian state-owned energy group and the parent/related entity that will likely be the off-taker for Paks II's electricity output. Compares as the state utility ecosystem in which Paks II sits and the natural commercial counterparty for the project's future generation revenue.
• JSC Atomstroyexport (ASE Group / Rosatom): Russian state-owned nuclear EPC contractor and the actual builder of Paks II under the €12.5B turnkey contract. Material counterparty for project execution; comparable as a nuclear EPC contractor delivering VVER-1200 plants internationally.

Broad incumbents

• EDF (Électricité de France): France's state-owned nuclear utility and one of the world's largest nuclear operators, currently executing the Hinkley Point C new-build project in the UK. Highly comparable as a state-backed nuclear operator executing multi-billion-euro Gen III+ new-build projects under fixed-price frameworks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Paks2Atomeromu
• YouTubeyoutube.com/channel/UCpGvM3JlGhBZ3TNKyLq7HMA
• LinkedInlinkedin.com/company/paks-ii--nuclear-power-plant-ltd-
• Facebookfacebook.com/Paks2Atomeromu

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paks II