Energy Minister Puts Paks II Completion Date at 2032

Power

The construction of two more blocks at Hungary's Paks nuclear power plant could be completed by 2032, Minister of Energy Affairs Csaba Lantos said on public radio on Sunday, according to a report by state news wire MTI.

Lantos noted that nuclear power plants "take a long time to build".

The target date for putting the two new blocks online was earlier set at 2030.

The four existing blocks at Paks, with a combined nameplate capacity of 2,000 MW, account for half of electricity generation in Hungary.

Lantos told Kossuth Radio that Hungary's solar capacity would climb over 6,000 MW by 2030. He added that wind energy would be "of a supplementary nature" to that capacity.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.