Energiaklub tells EC about objections to Paks upgrade


Climate policy institute Energiaklub informed the European Commission about its objections to the Hungarian government’s planned upgrade of the country’s sole nuclear power plant in Paks, Energiaklub said yesterday, according to Hungarian news agency MTI.

According to the institute, the Hungarian state has not yet shown it can recoup the investment necessary for the upgrade, adding that they believe the state failed to conduct a detailed study before making the decision to expand the plant, and did not take into account risks or other alternatives, MTI reported.

Environmentalist NGO Greenpeace on Monday sent a formal notice to the EC objecting to Hungary’s upgrade of Paks.

The Austrian government on February 10 also sent a formal letter of complaint to the European Commission outlining its objections to the Paks upgrade, MTI reported earlier. The Hungarian Prime Minister’s Office said in response that it was not surprised by Austria’s formal objection as it had earlier made similar complaints regarding a power plant in the United Kingdom.

Since coming under investigation by the EC, Hungary has failed to provide sufficient information supporting its argument that a planned upgrade does not confer the power generator with an unfair economic advantage, the European Commission said in a report released on January 12. The government, however, has refuted the report, which describes concerns first officially flagged by the EC in November, according to MTI.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.