Hungarian minister highlights importance of nuclear energy
02 April 2020
The coronavirus pandemic has underlined the importance of the existing Paks nuclear power plant, which accounts for about half of Hungary's electricity generation, noted János Süli. The minister responsible for the design, construction and commissioning of two new reactors at Paks said that project will maintain the country's energy security and help revive its economy in the coming years.
Süli noted that the Paks plant is Hungary's largest power generator. The electricity generated at Paks covers one-third of domestic consumption, representing the total demand of Hungarian households. "This is of strategic importance in these difficult times," he said. "Another important fact is that the nuclear power plant always has enough fuel for two years, as required by law. Nuclear fuel can be stored safely, in a small space and well stocked, and can be obtained from multiple sources when needed. This is much more secure than importing either electricity or natural gas."
Süli noted the significant economic impact of the COVID-19 epidemic, with thousands of Hungarians losing their jobs. "A major investment, such as the construction of two nuclear power plant units, could be a lifeline for many Hungarian businesses and a livelihood for many Hungarian people," he said, adding that the project will employ 8000-10,000 people at its peak.""There are a lot of related construction projects: roads, homes, factory halls need to be built, and workers coming here provide jobs for the service sector. It all means income, livelihood."
This is what we need as a generational project - do say 4 plants at $10b each will generate velocity of money to help us come out of the other side of the Coid..........& for a paltry $40b
