The key question of our analysis is whether the Paks-2 nuclear power plant company will be capable of independent operation in the economic sense, or its survival will depend on further additional aid by the owner, the central budget, even after its commissioning. We examine from a corporate perspective in what way the already disclosed financing terms and conditions affect the everyday operation of the power plant company. In other words, we look for an answer to the question whether the expected financial commitment of the owner (in our case, due to State ownership, of the taxpayers) will end once the EUR 2.5 billion own contribution (approximately HUF 765 billion at today’s rates) specified by international contract is paid out to realize the investment in the period from 2015 to 2025.
There is no need for Paks II, as Hungary could supply its future energy needs without a new nuclear power plant. This was revealed by a study, prepared by Energiaklub, which proposes a much more favorable solution instead of this single, unnecessary 12 billion Euro investment. All this can be achieved by rationalizing energy consumption, carrying out developments on the field of energy efficiency, reaching a high share of renewables and establishing a flexible, decentralized energy system.
In the last two months Energiaklub organized 4 public roundtable events for citizens and the media under the name of „Seriously about Paks”. The main theme was the new Paks2 nuclear power plant investment. The purpose of these events was to discuss such issues, that are in the interest of the public, and which can influence opinion of the decision makers and the general public. These issues are environmental, political, geopolitical and economic questions related to the planned...
More than 50% of the world's population lives in cities. By 2050, this will increase to 75%.Cities globally are responsible for 50% of total waste, 75% of energy use and 80% of all CO2 emissions.It's time to change.
Energiaklub has prepared and modelled, using the ‘EnergyPLAN’ energy planning software, the energy vision that offers a reassuring and in a number of respects better solution for meeting future energy demand without Paks II. The results show that all the energy demand in Hungary can be satisfied in 2030 without Paks II, and 27% of the electricity can be produced by renewable energy plants. This can be achieved through the rationalisation of energy consumption, energy efficiency...
Analysis of the corruption risks of the planned Paks nuclear power plant investment based on relevant economic theory and empirical results, summarizes the lessons learned from similar Hungarian and foreign investments, and gives an estimate of the expected social losses related to the investment, and arising from the corruption.
25 Feb 2014 - 9:30am - 4:30pm
Being on halfway of our implementation, we organize a Mid- term event on 25, February 2014 in Athens.
11 Feb 2014 - 2:00pm - 4:00pm
Invitation for free webinar about fuel poverty and solutions, lessons learnt of EC-LINC project.See detailes in attachement.