BMI View: The Hungarian power sector is set to remain a net energy importer over our forecast period, as consumption continues to exceed generation capacity. The government, under Prime Minister Viktor Orban, has made a number of policy announcements concerning improving the country’s generation capabilities; however, we are yet to see any concrete plan in place to bring domestic supply up to the level of demand. The announcement that the Paks nuclear power plant (Hungary’s sole nuclear generator) reactors will undergo refurbishment has alleviated some of the concerns surrounding the future of nuclear power in the country. However, this will …
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