Deal to reopen Strait of Hormuz expected 'soon' - U.S. official
An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resum...
Hungary’s Paks nuclear power plant may continue operating at reduced capacity until Tuesday, temporarily easing pressure on the country’s electricity grid during an intense heatwave.
However, the plant is expected to shut down completely later this week as water levels in the Danube, which supplies its cooling water, are forecast to fall further.
“Today, and maybe tomorrow, the last turbine producing 240 megawatts can keep working,” Prime Minister Péter Magyar said.
He described the development as positive because it could prevent a complete shutdown on one of the days when electricity consumption is expected to be at its highest.
Large parts of Europe have been affected by prolonged heat and drought, reducing river levels and raising concerns about water supplies, shipping and electricity generation.
“The most critical five days are starting now,” Magyar said in a video posted on Facebook.
“The energy grid and the water supply are under increasing strain.”
As the Paks plant is gradually powered down, Hungary is expected to become more dependent on imported electricity. Demand is also forecast to rise as temperatures increase during the heatwave.
Magyar said households and companies had responded to the government’s call to reduce electricity use.
Voluntary reductions lowered demand by 700 megawatts on Sunday, equivalent to the output of about one and a half reactors at Paks. Magyar said the cuts had significantly reduced pressure on the electricity grid.
Pharmaceutical company Richter said it would reduce its electricity consumption by more than 50 per cent over the next three weeks.
The company also offered to supply four megawatts of electricity each day from its solar energy facility as businesses support efforts to stabilise Hungary’s power network.
An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resumption of commercial shipping through the sea passage and the lifting of an American naval blockade on Iranian ports.
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