95% of damaged fuel rods removed from Paks

Recycling

About 95% of fuel rods damaged in an incident in 2003 have been removed so far from the Paks Nuclear Power Plant, CEO József Kovács said on Wednesday.

5,508 kilograms of rods have been removed from the plant so far, Kovács said. All of the rods are expected to be removed by Christmas. The rods were damaged in April 2003 when they overheated in a cleaning tank adjacent to the plant's number two reactor. The incident was blamed on the tank's manufacturers, the French and German company Framatome-ANP, which agreed to pay compensation.

TVEL of Russia was picked to clean up the damaged rods and cleaning tank at a reported cost of $4.5 million. When asked earlier, however, Kovács said the cost of the project could reach Ft 2 billion, about twice the originally planned amount. State secretary at the Ministry of Economics and Transportation Ábel Garamhegyi said on Wednesday the ministry would give the order to restart the number two block, which was shut down after the incident, as soon as Paks' management ensures it is safe. (Mti-Eco)

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.