CEO of the Hungarian sole nuclear power plant Paks, Istvan Hamvas said that the output of the nuclear plant increased by 1.4 % in 2016 reaching 16,054 GWh of electricity. NPP Paks covered about 36.5 % of the domestic demand for electricity and was accounted for 51.3 % of the Hungarian electricity production in 2016.
Good production results were followed by similar financial trend. In 2016, the revenues of NPP Paks rose by 0.5 % to 567.5 million euros, while pre-tax profit reached 59.4 million euros.
In 2015, NPP Paks produced 15,834 GWh of electricity in 2015, which is 1.2 % more than in previous year. It generated 52.7 % of the total electricity production in Hungary last year and covered about 36.2 % of domestic electricity demand. However, the company’s revenues in 2015 dropped by 0.5 % to 552.4 million euros. NPP Paks has four 500 MW units, put into operation between 1982 and 1987, with an operational lifespan of 30 years.
In late December, the National Atomic Energy Office (OAH) issued a permit under which the operational life of unit 3 of NPP Paks has been extended by additional 20 years. Unit 3 was put into operation in 1986 and its operating permit was to expire at the end of 2016. OAH already extended the operational life of NPP Paks’ units 1 and 2 by another 20 years past the originally planned lifespan of 30 years. The operation license of unit 4 will expire at the end of 2017 and the request for its life extension was submitted in November this year.
