Licensing of the planned Paks II nuclear power plant has been delayed, the Hungarian Atomic Energy Authority has announced. The organisation said it needs more time "to fully verify all requirements," but did not give an updated timeline for approval to construct the new reactors.
New Nuclear 01 October 2021
Hungary will start repaying the Russian loan for the Paks II project in 2031, five years later than originally agreed, Hungary's Finance Ministry has announced. This amendment to the intergovernmental agreement for the EUR12.5 billion (USD15.1 billion) project means that income from the new nuclear power plant can help repay the loan, but it does not change the rate of interest on the loan nor the option to pay it off early, it added.
New Nuclear 30 April 2021
Hungary is now the sixth European country to bring forward its coal phaseout plan, announcing that it will shut its last remaining coal plant in 2025. Meanwhile Poland says its first nuclear power unit will be built in Gdansk and the second one probably at the site of its Belchatów coal plant.
Energy & Environment 05 March 2021