New Paks blocks could start commercial operation in 2029
Two new blocks at Hungary's Paks power plant could start commercial operation in 2029 and in 2030, the minister in charge of the expansion of Hungary's sole commercial nuclear power plant said at a meeting of the Tolna County Council on Friday, according to a report by state news wire MTI.
János Süli said the two blocks would have a six- to eight-month test run before starting commercial operation.
He noted that an application for the implementation license for the two blocks had been submitted to the National Atomic Energy Office (OAH) by project company Paks II on June 30, 2020. The office has twelve months to review the application with an option for a three-month extension, which means the license should be issued by the end of September 2021, he added.
The state of Russia is financing 80pc of the EUR 12.5 billion cost of the blocks. The general contractor for the upgrade is Russia's Rosatom.
The Paks plant's existing four blocks, each with a nominal capacity of 500MW, account for about half of domestic electricity generation.
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.