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November 18, 2021

Paks 5, Hungary

By Carmen

Paks 5 is a 1,262MW nuclear reactor planned in Budapest, Hungary. The nuclear reactor is currently in financed stage. The construction on the reactor is likely to commence in 2021. The plant proponent is expected to achieve the first power from the reactor in 2026 and is planned for commissioning in the same year.

PID Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Main Contractor
801 Nuclear 1,262 1,262 Financed Budapest, Hungary Atomproekt; Atomstroyexport

Description

Paks 5 is a Generation III+ nuclear reactor being developed by Atomproekt and Atomstroyexport, are the main contractors for the project.

The 1,262MW reactor is currently owned and will be operated by MVM Paks Nuclear Power Plant.

Paks 5 is a type of PWR reactor. It will feature 163 fuel assemblies in the core of reactor, the place where fission occurs and energy is released.

Development Status

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The reactor construction is expected to commence from 2021. Subsequent to that it will enter commercial operation by 2026.

Contractors Involved

The steam turbines for the reactor is likely to be supplied by GE Hungary Kft and Alstom Power Systems. MVM ERBE Zrt is expected to be the architect engineer for the reactor. The civil works will be carried out by KESZ Building and Construction.

About Atomstroyexport

Atomstroyexport (ASE) is an engineering company of State Corporation, Rosatom. The company designs and constructs nuclear power facilities. It is an export-import company that helps foreign customers in constructing and commissioning nuclear power projects (NPP). ASE also carries out the process of reconstruction of the earlier-built nuclear power plants. In addition, the company also provides specialty services, which include survey, training, design, and engineering services, manufacture and supply of equipment and operation of power plants. ASE utilizes light water reactor installations of VVER type of technology for the construction of NPP. It also participates in the international tenders offering its upgraded NPPs with water-moderated water-cooled reactors. The company has presence in Bulgaria, Hungary, Turkey, Czech Republic, Slovakia, India, China and Ukraine among others. ASE is headquartered in Moscow, Russia.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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