Hungary rss

Hungary gets state aid clearance for Paks II project

New Nuclear

06 March 2017

Hungary can start construction of new nuclear power units at Paks next year as planned, following European Commission approval of commitments it has made to limit distortions of competition. The Commission said today it had concluded that Hungary's financial support for the Paks II project involves state aid, but it could approve this support under EU state aid rules on the basis of these commitments.

Paks 3 operating licence extended to 2036

Regulation and Safety

06 January 2017

Paks 48The Hungarian National Atomic Energy Office has extended the operating licence of block 3 of the Paks Nuclear Power Plant by another 20 years, state news agency MTI has reported. Meanwhile, the government plans to cut the capital increase earmarked for MVM Paks II nuclear power plant - the company responsible for expansion of the plant.

Hungary’s Paks II project clears procurement hurdle

New Nuclear

22 November 2016

The European Commission has cleared Hungary's award of a contract to Russia's Rosatom to build two new units at the Paks nuclear power plant.

Putin: Russia ready to fund entire Paks II project

New Nuclear

03 February 2017

Putin and Orban - February 2017 - 48Russia is prepared to provide all of the funding required for Hungary's Paks nuclear power plant expansion project, President Vladimir Putin told journalists in Budapest yesterday, following talks with Hungarian Prime Minister Viktor Orban. A transcript of the press briefing was posted on the Russian presidential website.

Hungary's nuclear ambitions for climate change

Nuclear Policies

13 December 2016

Hungary's commitment to nuclear power reflects its dedication to meeting ambitious global climate change targets as outlined by the International Energy Agency, government officials told delegates at the Budapest Energy Summit last week. Hungary joined the IEA in 1997.

Site licence submitted for Hungary's Paks II project

New Nuclear

28 October 2016

The Hungarian Atomic Energy Authority announced today that MVM Paks II has submitted a site licence application for two new units it plans to build at the Paks site.