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.
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