According to the agreement signed by Zsuzsanna Németh (National Developmental Minister of Hungary) and Sergey Kiriyenko (Rosatom chairman) on 14 January 2014 Paks Nuclear Power Plant will be expanded by the Russian state company Rosatom. Eighty percent of the project's cost will be financed with a 10 billion Euro credit line from Russia. Subject to European Commission approval, construction of two VVER-1200 reactors was planned to start in 2019. On 6 March 2017, the European Commission announced its approval. János Süli, former CEO of the nuclear power station, was appointed Minister without Portfolio in the Third Orbán Government in May 2017, responsible for the planning, construction and commissioning of the two new blocks at Paks Nuclear Power Plant.