Tag: paks

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Euro in Hungary, Paks II cancelled - Portfolio's list of potential black swans

January 14, 2019, 5:16 pm
Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were quite shocking. We at Portfolio have also given thought... 

Concreting at Hungary's Paks NPP could start in 2019

December 12, 2018, 11:24 am
Rosatom expects to start concreting at Paks 2 nuclear power plant (NPP) in Hungary in 2019 and 2020, depending on license receipt time and project economics, Chief Executive Officer of the Russian nuclear... 

Orbán and Putin to discuss Russian gas, Paks 2

September 14, 2018, 12:29 pm
The key items on the agenda of the next meeting between Russian President Vladimir Putin and Hungary’s Prime Minister Viktor Orbán in Moscow on 18 September could be Hungary’s gas supply and... 

Hungarian PM Orbán meets Rosatom chief in Budapest

August 31, 2018, 5:25 pm
Hungary’s Prime Minister Viktor Orbán has held a working meeting with Alexey Likhachev, Director General of Rosatom and his colleagues about the expansion of the Paks nuclear power plant. A Rosatom... 

Malfunction at Hungary's Paks nuclear plant lowers output

August 14, 2018, 4:49 pm
Hungary’s Paks nuclear power plant on Tuesday said it had lowered output of one of its four blocks due to an unspecified electrical malfunctioning, according to a statement posted on its web site.... 

Huge solar power plant to be built in Hungary, near Paks nuclear power plant

March 29, 2018, 2:56 pm
MVM Hungarowind Ltd., member of the Hungarian Electricity Works (MVM) Group, is to build the country’s largest solar plant in Paks. The foundation stone for the 20.6 megawatt capacity photovoltaic... 

Luxembourg backs Austria in legal action over Hungarian nuclear power plant

March 6, 2018, 9:06 am
Luxembourg stands with Austria in its lawsuit launched against the European Commission at the European Court of Justice over a controversial nuclear power plant expansion in Hungary, Luxembourg’s... 

One of Hungary's key engineering companies taken over by Russian giant

February 15, 2018, 10:42 am
After a years-long conflict, Hungarians have finally been crowded out of Ganz Engineering and Energy Production Machinery Ltd., which had been founded in 2008, by Rosatom, the Russian nuclear energy company... 

Paks II: It remains classified how much it would cost Hungary to call of deal with Russia

February 7, 2018, 4:46 pm
Hungary has still not lifted confidentiality of the chapter of the Paks II agreements that stipulate the size of damages Hungary would need to pay if it decided not to expand the nuclear power plant with... 

Hungary to repay Russian loan for Paks II early - Varga

February 6, 2018, 9:35 am
Hungary will be repaying early the tranches of credit drawn from Russia for the expansion of the Paks nuclear power plant, Economy Minister Miály Varga told business daily Világgazdaság on Tuesday. ... 

Hungary to go ahead with nuclear plant despite Austrian protest

January 24, 2018, 2:35 pm
The recent official protest of Austria notwithstanding, construction of the two new reactor blocks at the Paks nuclear power plant will begin as scheduled this February, Foreign Minister Péter Szijjártó... 

Austria to sue EU over allowing expansion of Hungary nuclear plant

January 22, 2018, 12:45 pm
Austria plans to sue the European Commission for allowing Hungary to expand its Paks nuclear power plant as it does not view nuclear energy as the way to combat climate change or as being in the common... 

Majority of Hungarians oppose Paks nuclear plant expansion

January 19, 2018, 2:57 pm
61% of Hungarians oppose the upcoming expansion of the Paks Nuclear Power Plant, while only 19% support it, a representative nationwide survey of Greenpeace Hungary found. According to the survey, there... 

Rolls-Royce signs collaboration agreement with Hungarian nuclear plant

January 16, 2018, 5:20 pm
Rolls-Royce has signed a Memorandum of Understanding with Hungarian state-owned MVM OVIT National Power Line Company Zrt., part of the MVM Group, to explore how they can work together on the provision... 

Steel works in Hungary subject of fear-mongering

January 11, 2018, 2:35 pm
Revenues of Hungarian steel works in Dunaújváros dropped for the fourth consecutive year in 2016. The company has been in the red for eight years, and its overdue liabilities have jumped. The flipside... 

GE Hungary to supply turbines for Paks2 nuclear plant

December 21, 2017, 8:46 am
After postponing the announcement several times, Russia's Rosatom made its decision yesterday afternoon regarding the supplier of the 1,200 MW turbines required for the Paks nucelar power plant's blocks... 

Hungary to build solar plant next to nuclear power station in Paks

December 5, 2017, 12:28 pm
The Hungarian government has changed the location of a major photovoltaic project. Ironically, the PV project to be subsidised with over 3 billion forints will be hosted by the country’s “nuclear"... 

Commission officials help Hungary win approval for a no-bid nuclear power contract with Russia

November 22, 2017, 1:14 pm
The European Commission brokered a “global political solution" with Hungary over its controversial Russia-backed nuclear power station rather than escalate a fight amid already fraught relations... 

EU sheds light on approval for Hungary's nuclear expansion project

October 6, 2017, 4:32 pm
The European Commission has on Friday released a background material to an investigation it launched over state aid granted by Hungary for the construction of two new reactors for the country’s sole... 

Hungary to commit itself to Russian gas for the long term

October 5, 2017, 9:26 am
Hungary will replace the contract to expire in 2021 with a new gas supply agreement with Russian natural gas giant Gazprom, Minister of Foreign Affairs and Trade Péter Szijjártó told state newswire MTI... 
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