Hungary to build another nuclear power plant
To avoid having electricity become more expensive, Hungary plans to build another nuclear power plant.
After the year 2020, Hungary will need another nuclear power plant, reports Hungarian daily newspaper Népszabadság on Wednesday, citing sources at the Hungarian Ministry of Economy. State Secretary Balázs Felsmann told the newspaper that, even though there are alternatives - such as importing electricity or using fossil fuels - they would make electricity significantly more expensive for users and place an emphasis on problems of a different kind.
Both the coalition in power and opposition parties are expected to support the new nuclear program and the parliament is expected to greenlight the construction of the new nuclear power plant once the plan is actualized, the newspaper speculates. Hungary’s sole nuclear power plant, located in Paks, 100 kilometers south of Budapest, is the only operational nuclear plant in the country. Its four reactors produce more than 40% of Hungary’s electricity. (javno.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.