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Hungary Power Report Q1 2014

Hungary's government committed to upgrade the Paks nuclear power plant


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2014-03-17 05:48:02 - Hungary Power Report Q1 2014 - a new market research report on companiesandmarkets.com

Despite the government´s commitment to upgrading the Paks nuclear power plant, Hungary will remain a net energy importer over the course of our forecast period, with consumption increases outstripping any additional capacity. The main shift will be in the sources of said power, with nuclear generation set to gather steam and a number of natural gas supply opportunities set to boost thermal generation.

The government, under Prime Minister Viktor Orban, is expected to finalise the tender process for refurbishing and upgrading the country´s only nuclear power plant, Paks, during the course of 2014. While the move is politically popular in Hungary (a poll by TNS Hoffman finding that 76% of Hungarian adults polled were pro-nuclear), it will not increase capacity enough

 

 

to make the country a net energy exporter during the course of our forecast period.

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