Paks nuclear power plant to start using new second-generation fuel
Hungarian nuclear power plant Paks is expected to start using new second-generation nuclear fuel from October, switching to a 15-month fuel cycle at Block 3, Russia’s TVEL said today. Under a bilateral agreement signed in 1999, TVEL is providing the Paks power plant with fuel during the full life of the reactor blocks.
TVEL, a subsidiary of the state-owned Russian nuclear energy company Rosatom, supplied nuclear fuel worth €83 mln to Paks in 2013.
TVEL agreed with the Hungarian Electricity Works (MVM) on the use of the upgraded fuel cassettes. The Hungarian Atomic Energy Authority has approved the use of the new cassettes at Block 3 from October. The other blocks are scheduled to switch to the new fuel from January.
Hungary and Russia signed an interstate agreement in January 2014 for Rosatom to build two new reactors to upgrade the Paks Nuclear Power Plant. In line with the agreement Hungary will receive a €10 bln loan from the state of Russia, to cover 80% of the cost of construction.
The Paks power plant's output covers a little more than half of Hungary's electricity consumption.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Gov't Wants Sustainable Business Model for Magyar Posta
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Spago Budapest Offering Unique Sunday Brunch Experience
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.
