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UTILITIES, ROTATING MACHINERY & POWER GENERATION

Utilities, Rotating Machinery & Power Generation
 
HUNGARY SECRETLY EXPANDS POWER PLANT
Tuesday, March 3, 2015

Source: Alstom

BUDAPEST - Hungary’s parliament on Tuesday passed a law classifying all data and contracts related to the planned €12.5 billion euro ($14 billion) expansion of the Paks nuclear power plant by Russia for 30 years. An agreement between Russia and Hungary has been struck on financing the lion's share (€10 billion) of the project's development. Hungary’s prime minister signed a secret treaty with Russia in January on building two new 1,000 megawatt plants in Paksi Atomerömü. The rationale for the expansion is to make up for energy production at a time when many of Hungary's old plants would be shut down, in about 20 to 30 years' time.

Source:  Forecast International
Source Date: March 3, 2015
Author: W. Alibrandi, Power Systems Analyst 
Posted: 03/03/2015

 

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