Procurement of Small Modular Nuclear Reactors: Potential Launch in 2030
Hungary Considering Procurement of Small Modular Nuclear Reactors by 2029-2030
Hungary is considering the procurement of small modular nuclear reactors (SMRs) by 2029-2030, according to Energy Minister Csaba Lantos. Currently, there is only one operational SMR in Hainan, China. However, the Minister revealed that there are already many plans for SMRs, with Romania signing a similar contract with an American company and the UK signing a contract with Rolls-Royce. It was also noted that each SMR plan is different, as no two nuclear power plants currently in operation are the same.
One key difference between SMRs and traditional nuclear power plants is that the manufacturing technology for SMRs will be standardized, making them cheaper and faster to produce and expand. The Minister mentioned that potential locations for SMR installation in Hungary include the eastern part of the country, although other locations are also being investigated.
In addition, the Minister expressed his desire to extend the lifespan of all four existing Paks units, which are scheduled to be decommissioned between 2032 and 2037. He stated that in the next decade, Paks II could generate 4,400 megawatts with all six units operating together. Currently, the Paks nuclear power plant provides one third of Hungary’s total electricity demand.
The decision to consider SMRs comes as Hungary’s energy efficiency improves and electricity demand is expected to rise by up to 50 percent. The two new units of Paks II are anticipated to meet half of the country’s electricity needs for over 20 years.
The construction of SMRs in Hungary would mark a significant step towards achieving the country’s energy goals and ensuring a reliable and sustainable power supply for the future.
Sources: Index, World economy
