MVM Paksi Atomeromu, the company operating the Hungarian nuclear power plant Paks, has announced the extension of the plant’s lifespan to the European Union, company head Péter János Horváth said.
The October announcement was the first step in a decade-long process that would prolong the plant’s operating licence until 2052-57, he said.
The two already operating blocks of the plant went online between 1982 and 1987. Their lifespan was extended once already, until 2032-37. Nuclear energy and sustainable resources are both keys to a secure energy supply, he told a press conference ahead of the tour of parts of the plant for journalists.
Electricity demand in Hungary is expected to grow by 150 percent by 2030.
While the Russian supplier of the plant has been a reliable partner for four decades, Horvath said the plant was looking into ways to diversify its supply lines.
Deputy Director Pál Tóth said the extension would require the completion of some 250 reconstruction projects, half of which are expected to cost more than one billion forints (2.6 million euros). Revamping the electric and control systems would be in the 1.5-billion-euro range, he added.
Mihály Czibula, the leader of the extension project, said the implementation plans are expected to be submitted in 2028.
