We received a stock market recognition for our bond issuance performance for the last year. Premium category 12 September Energy storage facility has started its test run 13 August New solar energy plant 14 March Extended contract with Heineken 18 January First solar power plant went into operation December, First Sustainability Report November, HUF million investment in Sopron June Private bond issuance to institutional investors March Acquisition of Sinergy Kft.
Purchase of 1 wind turbine May Purchase of 3 wind turbines May Incorporation as a Public Limited Company September Electricity Trading Activities Launched 1 January. Establishment of the Company. In December , over coal miners gathered in Budapest to protest the plan, which would lead to reduced employment in the coal industry. It was initially planned that these reactors would have a year life, but the operators of the plant are now planning for a year life extension.
EU safety experts have indicated that Paks is as safe as western nuclear power plants and will comply with EU standards by Paks has had an excellent safety record and has been ranked in the top 10 percent of reactors worldwide.
Regulation of nuclear safety is under the Hungarian Atomic Energy Authority, which serves as the operating body of the Hungarian Atomic Energy Commission. The Authority employs approximately ten inspectors on-site at Paks. At that time, the recorded capital of the company was State Privatization Property Ltd.
Hungary is one of the less mountainous countries in central Europe, and therefore has only limited hydroelectric potential. There are only three small commercial hydroelectric power plants in the country, and these are summarized in Table 8.
Other Renewable Energy Hungary's first wind power plant is a small facility located near the Danube River about 40 miles south of Budapest.
Energy Transmission Infrastructure Electricity Grid Hungary has electricity high-voltage transmission lines of kilovolts kV , kV, and kV; these measure approximately , 1,, and 1, kilometers in overall length, respectively. There is also a kV grid which is directly supplied by many of Hungary's power plants, inclucing the Paks nuclear power plant. The main power transmission line linking Hungary to the east is a kV line from Ukraine.
A Diagram of Hungary's higher voltage electricity transmission grid is shown in Figure 2. In recent years, the Hungarian power system has become integrated into the power system of Western Europe. A kV interconnection was put into operation between Hungary and Croatia in November Currently, there are 65, kilometers of gas line in Hungary.
Of these, MOL operates about 5, kilometers of high pressure lines, which deliver gas to customers. MOL has about 3. Oil Pipelines Hungary relies heavily on the Russian Federation to meet its oil import needs. The main pipeline from Russian oil is the Southern Druzhba pipeline, which runs westward through Ukraine into Hungary.
The Adria pipeline, which runs north into Hungary from the terminal at Krk Island on Croatia's Adriatic coast, could also be used as a supply of oil, though Russia is much more interested in improving this pipeline so that it can be used for exporting oil instead. There are also about 1, kilometers of oil product pipelines in Hungary; all the crude oil and oil product pipelines are owned by MOL. Electricity Installed Capacity Of the 49 power generating units of all types in the Hungarian power system, only 16 have installed capacities greater than MWe.
An historical summary of installed electricity generating capacity in Hungary is shown in Table 9. Generation and Consumption Electricity demand in is estimated to be from 42 billion kilowatt-hours kWh to 54 billion kWh.
Energy sources for electricity demand for the years and are shown in Table In , Hungary had imported However, by , the net imports from Ukraine had shrunk to 1. In , Slovakia was Hungary's main source of imported electric power with 7. A diagram of Hungary's international electricity trade for the year is shown in Figure 4.
An historical summary of electricity generation, consumption, imports, and exports for Hungary according to DOE's Energy Information Administration is shown in Table Over the past ten years, Hungary has sharply raised industrial and household electricity prices, with removal of subsidies.
During the mid part of the s, residential users saw their rates triple in a span of just four years, and the residential rate for electricity is now more than six times what it was a decade ago.
Industrial users also saw significant price increases, and now, with removal of residential subsidies, pay rates lower than residential users. An historical summary of electricity prices in Hungary is shown in Table In , Hungary reorganized MVM into a two-tier company structure.
The upper tier, which remained MVM, manages all trade in electricity. MVM owns and operates the high voltage transmission grid and dispatching center. It purchases power from electricity generating companies and sells it to smaller distribution companies. MVM controls the financial flow of electricity-based goods and services by the use of tariffs. It also manages all electricity-related import and export transactions. The second tier of the utility system is comprised of several independent generating companies; six regional distribution companies; and one maintenance company for the basic network.
The non-hydroelectric power plants in Hungary are listed in Table The majority of the power companies in Hungary are now the property of investors, rather than the Hungarian government. Most Popular. A flexible, resilient and open European power system: new MoU signed January 13, Load more. This website uses cookies that are strictly necessary for the functionality of the website and assist in improving the quality of the website.
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