Péter Szijjártó: the investment enters a new phase

7/1/22, 1:17 PM
The Paks investment may enter the second, implementation phase in September, at which time Gergely Jákli will take over the management of Paks II. Ltd.

Photo: Facebook/Péter Szijjártó– The growing electricity demand needs more and more nuclear capacities, if we want to meet the climate protection targets – emphasized Yves Desbazeille during his visit in Paks. The delegation from the European nuclear industry association visited the construction of the new nuclear power plant units of Paks on Tuesday and was informed about the progress of the project. 

 

After checking the ground excavation works, Yves Desbazeille said: about 25% of electricity demand is supplied by nuclear power plants in Europe, which is half of the low-carbon generation. According to the director general, this share must be maintained in the long run, thus increasing the nuclear capacity. Under the climate protection directive of the European Union, as the EU seeks to reduce gas consumption, greater emphasis will be placed on low-emission electricity generation.

All pending issues that are necessary for the Paks expansion to enter the second, implementation phase this September have been clarified with the management of the Russian nuclear power company Rosatom – MTI quoted Péter Szijjártó, Minister of Foreign Affairs and Trade.

The Brussels-based organization’s top man made it clear, that at time of the energy crisis in Europe, nuclear power plants, producing affordable electricity, are the key to security of supply. Péter Szijjártó negotiated with Rosatom Director General Alexey Likhachev in Istanbul, and then later announced that the meeting had reviewed the work on the project, so that everything is in place for the project to enter the so-called implementation phase this autumn.

 The international delegation of Finnish, Spanish, French and Romanian experts received a comprehensive overview of the situation and development of the Hungarian nuclear sector. 

He highlighted: the Russian Party is going to provide every necessary documentation which is required for the HAEA to be able to give an informed opinion as soon as possible.

- If everything comes together as agreed today, it is entirely realistic that the Paks NPP investment will enter the second, implementation phase this September – he said.

As Péter Szijjártó pointed out, all of these is necessary to operate the two new units by 2030, thus the current power – 2000 MW – of the Paks NPP will be increased to 4400 MW. 


 

Hungary is taking a huge step towards self-sufficiency in electricity, and this will be a huge advantage for Hungary in the current situation, where prices are rising irrationally on the international energy market. We will not be exposed to the disturbances and crises on the international energy market to the extent that we are at the present, and we will not be exposed to them to the extent that many other countries are. 

 

Finally, the minister underlined that when the EU sanctions were adopted, it was stated, and even recorded in law, that the peaceful, civilian use of nuclear energy is not subject to restrictions, and that Rosatom itself was not included in any sanctions list, so the cooperation does not violate any rules.

– It is our aim to have the nuclear power plant constructed by 2030, which is a realistic goal, as the Hungarian government is for the continuation of the investment – he summarized.

The Minister of Foreign Affairs announced that Gergely Jákli, former CEO of Eximbank will be the next CEO of Paks II. Ltd. from 1 September onwards. 

János Süli, State Secretary responsible for the expansion of the Paks Nuclear Power Plant, Péter Szijjártó, Minister of Foreign Affairs and Trade and Gergely Jákli, Chief Executive Officer of Paks II. Ltd. starting from 1 September 2022. Photo: Facebook/Péter Szijjártó