Tuesday, February 7 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Feb 06
Week of Jan 30
Week of Jan 23
Week of Jan 16
Week of Jan 09
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    EU court rejects complaint about nuclear power subsidies in Hungary

    December 1, 2022 - dpa


      Brussels — The European Union's court rejected a complaint on Wednesday filed by Austria in connection with controversial Hungarian state aid for two new nuclear reactors.

      The state aid for Hungary's Paks II nuclear power plant raised controversy as it is partly financed by a €10 billion ($10.3 billion) Russian loan.

      Wednesday's ruling can still be appealed to the European Court of Justice, the EU's highest court.

      The European Commission had approved Hungary's state aid for the expansion of the nuclear power plant in 2017.

      The two new reactors are to be completed by 2030. Nearly 80% of the costs are covered by Russian loans.

      Austria filed a lawsuit against the commission's decision, objecting to the direct award of the contract to a company belonging to the Russian state-owned Rosatom, arguing a tendering procedure should have been carried out instead.

      Vienna also criticized an alleged distortion of competition and unequal treatment for renewable energy producers, as well as raising concerns about a potential dominant market position.

      The EU court rejected all three points in its ruling, saying the direct award did not violate EU law.

      The court also clarified that Hungary's state aid was not distorting competition as each EU country is allowed to determine for itself how its energy should be produced, nor would the subsidies create or strengthen a dominant position.

      ©2022 dpa GmbH. Distributed by Tribune Content Agency, LLC.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.