Luxembourg backs Austriaʼs suit against Paks nuclear upgrade

Recycling

Luxembourg supports Austriaʼs case against the upgrade of Hungaryʼs Paks Nuclear Power Plant, Luxembourgʼs Minister for the Environment Carole Dieschbourg was cited as saying by Hungarian news agency MTI on the sidelines of a summit of EU environment ministers in Brussels Monday.   

Speaking with her Austrian counterpart Elisabeth Köstinger,  Dieschbourg said it is important to prevent a renaissance of nuclear energy and that no public money should be invested in the sector.

In January, Austriaʼs environment ministry said Hungaryʼs western neighbor would lodge an appeal with the European Court of Justice in Luxembourg against the European Commissionʼs decision to permit the Paks upgrade. 

"The European Commission is sending the wrong message in energy policy if it approves state aid given to nuclear power plant construction without hesitation," the Austrian ministry said.

The Commission cleared the Paks project, which is being financed with Russian credit, in the spring of 2017. The project is set to double the plant’s nominal capacity, with the first facility set for completion in 2025.

Fielding a question from a journalist at a daily press conference in Brussels on Monday, Ricardo Cardoso, the ECʼs spokesman for competition, said the EUʼs executive body would defend its approval of the Paks upgrade in court.   

"Yes indeed, we of course will go to court and we will defend our decision," said Cardoso.

Research carried out by Greenpeace Hungary in January showed that an increasing majority of Hungarians reject the investment as planned by the government, with most expressing fear over dangers relating to the power plant.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.