Czechia Forces A Political Collision Into Overtime
14 October 2021
Budapest’s energy policy in the power sector has made a sharp transition in recent years, curiously holding ample business opportunities for two great powers from the East, namely Russia and China.
Hungary has been under pressure for a long time to decide on a clear plan for its electricity generation mix as the country has a fleet of ageing coal-fired, gas-fired capacity and a nuclear power plant, accounting for more than half of the country’s electricity production.
In a blog post two years ago, former state secretary for Paks Nuclear Power plant Attila Aszódi urged the government to address a potential capacity shortage which could strike in the 2030s.
Hungary is to phase out about one gigawatt (GW) coal-fired, 500 megawatts (MW) gas-fired capacity by 2030 and 2GW Paks nuclear power plant during the 2030s with the last reactor (out of four) shutting down in 2037, reveals the latest version – issued at the beginning of 2020 – of National Energy and Climate Plan for 2030 (NECP).