Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeSEE Energy NewsHungary: Paks nuclear...

Hungary: Paks nuclear expansion receives key safety approval, first concrete pour expected in 2024

The Hungarian Atomic Energy Authority (HAEA) has approved the preliminary safety report for the initial concrete pour of the Paks nuclear power plant expansion project, marking a significant milestone in the development of the facility, announced Hungarian Minister of Foreign Affairs and Trade, Peter Szijjarto.

Szijjarto explained that the approval was an essential step in the construction of a nuclear facility, as it required the completion of the diaphragm wall and the collection of data from the soil stabilization process. The report itself is extensive, comprising half a million pages. Following the standards of the International Atomic Energy Agency (IAEA), this approval classifies the facility as a nuclear installation under construction once the first concrete is poured, which is expected to begin in early 2024.

The expansion of the Paks nuclear power plant is currently the largest licensed nuclear project in the European Union.

In 2014, the Hungarian government signed an agreement with Russia’s Rosatom to increase the output of the existing Paks plant. The deal aims to add two new reactors, raising the plant’s capacity from 2,000 MW to 4,400 MW. Russia has committed to providing a loan of 10 billion euros, covering around 80% of the estimated construction costs. Originally, the first new unit was expected to be operational by 2023, but the revised schedule now targets commissioning the first reactor in 2030-31.

Currently, the Paks nuclear power plant provides approximately 50% of Hungary’s electricity, and the expansion is seen as crucial for meeting the country’s future energy needs.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...

Bulgaria: TPP Maritsa 3 narrows loss to €2.7 million in first half of 2025

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million in the first half of 2025, a significant improvement compared to a €11.5 million loss during the same period in 2024. The company’s total revenues fell to...
Supported byVirtu Energy
error: Content is protected !!