OMRI DAILY DIGEST
No. 121, 21 June 1996

HUNGARY PREPARES SECOND PLAN TO PRIVATIZE NUCLEAR POWER PLANT. The
passage last week of a nuclear energy law has paved the way for a new
privatization tender to be announced in October for the Paks nuclear
power plant, Magyar Hirlap reported on 21 June, citing top officials.
The Soviet-built nuclear plant supplies half of the country's
electricity, and experts believe it is a safer Soviet model than
Chornobyl. When the plant went on line in 1982, its life span was
estimated at 30 years. But management says that in its present
condition, the plant could be used for longer. It plans to extend the
facilities' life span by 10 to 15 years. During the privatization last
year of the country's energy sector, Paks was put up for sale in a
package with the core electricity company MVM but failed to find a
buyer. -- Zsofia Szilagyi

[As of 1200 CET]

Compiled by Jan Cleave