Official: Alternative sources of fuel for Paks blocks could raise costs


Following the European Commission’s decision to block Hungary from importing fuel for its sole nuclear plant in Paks from Russia, the country now needs to find an alternative source at an additional expense, Gyula Fichtinger, director general of the National Nuclear Energy Office (OAH) told commercial channel Hír TV on Friday in an interview.

The requirement to diversify nuclear fuel supply became part of the EUʼs security strategy last May, and in the case of new plants, contracts signed with third party countries require preliminary approval from the Euratom Supply Agency, Fichtinger said, adding that if the agency denies approval, the European Commission will decide on the matter within 30 days.

According to Hungarian online daily, the European Commission warned the Hungarian government last May, that no nuclear plant that imports fuel rods exclusively from Russia can be built in the EU.

Commenting earlier on the report by the Financial Times that claimed the EC had blocked the expansion of Paks, EC spokesperson for energy affairs Anna-Kaisa Itkonen said that Brussels will not stop the planned expansion of the Paks nuclear power plant by Russian state-owned firm Rosatom. The European Commission is instead dealing with specifics within the contract regarding fuel supply.


MNB Int'l Reserves Rise EUR 633 mln in November MNB

MNB Int'l Reserves Rise EUR 633 mln in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Number of Job Adverts up Minimally HR

Number of Job Adverts up Minimally

Tourism Nights Down 0.2% y.o.y. in October Tourism

Tourism Nights Down 0.2% y.o.y. in October


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.