Hungarian minister highlights importance of nuclear energy

03/04/2020 10:37 Nuclear

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The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.

Speaking to the TEOL news service, Süli noted that the Paks plant is Hungary's largest power generator. The electricity generated at Paks covers one-third of domestic consumption, representing the total demand of Hungarian households. "This is of strategic importance in these difficult times," he said. "Another important fact is that the nuclear power plant always has enough fuel for two years, as required by law. Nuclear fuel can be stored safely, in a small space and well stocked, and can be obtained from multiple sources when needed. This is much more secure than importing either electricity or natural gas."

 

The existing Paks plant, which is 100 km south of Budapest, comprises four Russian-supplied VVER-440 pressurised water reactors, which started up between 1982 and 1987. Russia and Hungary signed an inter-governmental agreement in early 2014 for Russian enterprises and their international sub-contractors to supply two VVER-1200 reactors at Paks, including a Russian state loan of up to EUR10.0 billion (USD10.9 billion) to finance 80% of the project, which is known as Paks II.

Source: world-nuclear-news.org

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