Nuclear power, renewable energy can help meet growing demand for electricity

Green Energy

Hungary should count on nuclear power as well as renewable energy to meet the country’s growing demand for electricity, György Hatvani, chairman of transmission system operator Mavir, said at a joint conference of the Hungarian Electricity Association and Electricite de France (EdF) in Budapest on Wednesday.

Hungary will require an additional 9,000MW of power plant capacity by 2025 to meet growing demand, Hatvani said. Hungary’s power plant capacity was 8,925MW at the end of 2007. Hatvani warned, that Hungary’s coal- and lignite-fueled power plants are no longer profitable because of CO2 quotas, and the average age of the country’s power plants is more than 20 years. The average lifespan of a power plant is 25 years.

Jacques Pithois, CEO of EdF-owned electricity distributor Démász, said integrated power companies are the most efficient measure against global warming. Ferenc Bohoczky, a former advisor at the Economy Ministry, said biomass and geothermal energy have great promise in Hungary. He said that while Hungary’s forests expand an annual 4% in volume terms, just 2% is cut down. He noted that a law requiring geothermal water to be replaced poses a problem for the geothermal power industry. (MTI-Econews)


Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga Analysis

Gen Gov't Deficit to Reach 6.1% of GDP in 2022 - Varga

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


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.