natgillin/translations-raw huggingface dataset:
The Commission considered that the investment aid to Paks II envisaged by Hungary aimed at promoting nuclear energy could, therefore, be viewed as pursuing the objective of common interest by promoting new nuclear investments.
Komisija potvrđuje da je predmetno ulaganje industrijska djelatnost obuhvaćena područjem primjene Ugovora o Euratomu (vidjeti njegov Prilog II.).
Several interested parties have submitted comments claiming that the investments in nuclear energy by Hungary under the Euratom Treaty cannot be considered an objective of common interest.
Međutim, to ne znači da se članci 107. i 108.
The Commission, however, finds that the provisions of the Euratom Treaty were expressly confirmed by the Treaty of Lisbon and therefore, the Euratom Treaty cannot be considered an outdated or antiquated Treaty without applicability.
UFEU-a ne primjenjuju na procjenu načina financiranja takve djelatnosti.
The parties to the Lisbon Treaty considered that it is necessary that the provisions of the Euratom Treaty continue to have full legal effect.
(277) U stvari, iako se člankom 2. točkom (c) Ugovora o Euratomu propisuje obveza Unije da olakša ulaganja u području nuklearne energije, a člankom 40.
The preamble of the Euratom Treaty recognises that the conditions necessary for the development of a powerful nuclear industry should be created.
Ugovora o Euratomu Unija se obvezuje da mora objavljivati ilustrativne programe kako bi olakšala razvoj nuklearnih ulaganja, u njemu nisu predviđena posebna pravila da država članica mora kontrolirati financiranje takvih ulaganja.
As recognised in previous Commission decisions, the Commission concludes that the promotion of nuclear energy is a key objective of the Euratom Treaty, and therefore the Union.
U skladu s člankom 106.a stavkom 3.
As set out in the preamble to the Euratom Treaty, the Commission is an institution of the Euratom Community and is obliged to ‘create the conditions necessary for the development of a powerful nuclear industry which will provide extensive energy resources’.
Ugovora o Euratomu, odredbama UFEU-a ne odstupa se od odredaba Ugovora o Euratomu.
This obligation should be taken into account in exercising its discretion to authorise State aid in accordance with Article 107(3)(c) and Article 108(2) TFEU.
(278) Člancima 107. i 108.
Furthermore, although the development of nuclear energy is not mandatory for Member States, and some Member States have chosen not to construct and develop nuclear power plants, the promotion of nuclear investments can be considered to be an objective of common interest for the purposes of State aid control.
UFEU-a ne odstupa se od odredaba Ugovora o Euratomu jer u njemu nisu predviđena različita pravila o nadzoru državnih potpora niti se nadzorom državnih potpora koji Komisija obavlja u skladu s člancima 107. i 108.
In fact, many objectives acceptable and recognised under State aid rules and in practice, such as regional development, are relevant to only one or a few Member States.
UFEU-a sprječava ispunjenje cilja promicanja novih ulaganja u nuklearnu energiju predviđenog u Ugovoru o Euratomu.
The Commission therefore concludes that the measure envisaged by the Hungarian authorities pursues the objective of promoting new nuclear investments as enshrined in the Euratom Treaty.
USKLAĐENOST S PRAVOM UNIJE KOJE SE NE ODNOSI NA PRAVILA O DRŽAVNIM POTPORAMA
Following the Opening Decision, the Hungarian authorities submitted updated information from TSO studies which take imports and the evolution of demand into account.
Brojne zainteresirane strane iznijele su primjedbe o spojivosti mjere u skladu s Direktivama 2014/24/EU i 2014/25/EU (posebno s Direktivom 2014/25/EU zbog posebnih sektorskih pravila) i člankom 8.
According to the study issued by MAVIR referred to in recital 50, the Hungarian market requires at least 5,3 GW of additional new electricity generation capacity by 2026 and somewhat more than 7 GW by the end of the forecast period in 2031.
Direktive 2009/72/EZ (Direktiva o električnoj energiji).
The Commission therefore finds that the measure aimed at promoting nuclear energy pursues an objective of common interest enshrined in the Euratom Treaty, while also contributing to security of electricity supply.
Komisija je stoga procijenila u kojoj bi mjeri (moguća) nespojivost s odredbama Direktiva 2014/24/EU i 2014/25/EU i člankom 8.
NECESSITY OF THE AID AND MARKET FAILURE
Direktive 2009/72/EZ u pogledu izravne dodjele izgradnje dva nova reaktora nuklearne elektrane Paks II nekom poduzeću mogla utjecati na procjenu državne potpore u skladu s člankom 107. stavkom 3. točkom (c) UFEU-a.
The Commission recognised in the Opening Decision that nuclear energy is characterised by extremely high fixed sunk costs, and by very long time periods during which such costs need to be amortised.
U skladu s utvrđenom sudskom praksom, „Kada Komisija vodi postupak u području državnih potpora, ona je u skladu s općom strukturom Ugovora dužna osigurati dosljednu primjenu odredbi koje uređuju državne potpore i posebnih odredaba koje se ne odnose na državne potpore i tako ocijeniti spojivost konkretne potpore s tim posebnim odredbama.
This suggests that investors considering entering the nuclear energy generation sector will find themselves exposed to considerable levels of financing risks.
Međutim, Komisija je dužna ispuniti takvu obvezu isključivo u pogledu uvjeta potpore koji su u tolikoj mjeri neodvojivo povezani s predmetom potpore da bi ih bilo nemoguće odvojeno ocijeniti. […] Kada bi Komisija imala obvezu da u okviru postupka u području potpora konačno odluči o tome postoji li ili ne postoji povreda drugih odredaba prava Unije pored odredaba iz članaka 107. i 108.
The Commission requested information regarding potential new nuclear investments (without State support), the timelines (given the specifics of the Hungarian electricity market), their expected development, as well as market modelling in that respect in order to assess whether there were any market failures that could affect new investments in nuclear projects in Hungary and what those projects would be.
UFEU-a, bez obzira na to kakva je povezanost između uvjeta potpore i predmeta konkretne potpore […] kosila bi se, s jedne strane, s pravilima i postupovnim jamstvima – koja su dijelom vrlo različita i imaju različite pravne posljedice – koja su sastavni dio postupaka koji su posebno predviđeni radi nadzora nad primjenom tih odredaba i, s druge strane, s načelom samostalnosti upravnih postupaka i putova pravne zaštite. […] Stoga će, ako su uvjeti konkretne potpore neodvojivo povezani s predmetom potpore, Komisija ocijeniti usklađenost potpore s drugim odredbama pored odredaba o državnim potporama u postupku koji je propisan člankom 108.
As explained in recital 129 of the Opening Decision, in order to determine whether State aid is necessary, the Commission has to determine whether the measure is targeted towards a situation where the measure could bring about a material improvement that the market alone cannot deliver, for example by remedying a well-defined market failure.
UFEU-a i ta ocjena može dovesti do toga da se konkretna potpora utvrdi nespojivom s unutarnjim tržištem.
The existence of a market failure is part of the assessment as to whether State aid is necessary for achieving the objective of common interest pursued.
Nasuprot tomu, ako se konkretni uvjet može odvojiti od predmeta potpore, Komisija u postupku koji je propisan člankom 108.
In the case at hand, Hungary pursues the promotion of new nuclear investments as enshrined in the Euratom Treaty in order to address the gap in the overall national installed capacity it will soon be facing.
UFEU-a nije dužna ocijeniti sukladnost tog uvjeta s drugim odredbama pored onih o državnim potporama”.
Therefore, the Commission has to assess whether State aid is necessary for achieving the objective of promoting new nuclear investments.
S obzirom na navedeno, na procjenu spojivosti prijavljene mjere mogla bi utjecati moguća nesukladnost s Direktivom 2014/25/EU, ako bi se njome dodatno narušavalo tržišno natjecanje i trgovina na tržištu električne energije (tržište na kojem će djelovati korisnik potpore – Paks II).
In this respect, the Commission recalls the comments of interested parties as regards whether the Commission should assess if investments in electricity generation in general are characterized by a market failure.
Komisija u pogledu toga napominje da je Direktiva 2014/25/EU mjerodavna kada je riječ o izravnoj dodjeli radova izgradnje dva nova reaktora jednom poduzeću.
Some interested parties note that no market failure would exist for such investments and that the current low wholesale electricity price would merely be a response to the normal functioning of the market.
U ovom predmetu, iako su građevinski radovi izgradnje dvaju reaktora međuvladinim sporazumom izravno dodijeljeni društvu JSC NIAEP, poduzetniku aktivnom u sektoru izgradnje nuklearnih elektrana, ono nije korisnik potpore.
Other interested parties put forward the argument that the Commission should define the relevant market on which the existence of a market failure is assessed as the liberalised internal market in electricity.
Korisnik potpore je društvo Paks II, sudionik na tržištu električne energije, koje će biti vlasnik dvaju novih nuklearnih reaktora i njima upravljati.
Moreover, if there was a market failure on this relevant market, it would not be best addressed by a nuclear power plant.
Kako je već navedeno u odluci o pokretanju postupka, društvo JSC NIAEP ne smatra se mogućim korisnikom predmetne mjere.
However, in its assessment of the necessity of the aid, the Commission examines whether the objective in the common interest could be achieved without State intervention or whether a market failure prevents this.
Stoga bi moguće nepoštovanje pravila o javnoj nabavi u predmetnom slučaju moglo imati učinak narušavanja tržišnog natjecanja na tržištu izgradnje nuklearnih elektrana.
In assessing the necessity of the aid, it is not necessary for the Commission to first define a relevant market.
Međutim, potporom za ulaganje u nuklearnu elektranu Paks II nastoji joj se omogućiti proizvodnja električne energije bez snošenja troškova ulaganja u izgradnju nuklearnih postrojenja.
To establish whether a market failure exists, the Commission must first determine what objective in the common interest is being pursued by the Member State.
Stoga nije utvrđen dodatni učinak narušavanja tržišnog natjecanja i trgovine na tržištu električne energije koji bi nastao zbog neusklađenosti s Direktivom 2014/25/EU u pogledu izravne dodjele građevinskih radova društvu JSC NIAEP.
The common interest objective of this measure does not concern the internal market in electricity in general or investments in electricity generation in general; rather it concerns the promotion of new nuclear investments, as enshrined in the Euratom Treaty, which are, of course, undeniably part of the electricity market and will help deal with Hungary’s future gap in its overall installed capacity.
Prema tome, budući da ne postoji „neodvojiva veza” između moguće povrede Direktive 2014/25/EU i cilja potpore, ta moguća povreda ne može utjecati na procjenu spojivosti potpore.
Secondly, the Commission must investigate whether the free interplay of supply and demand on the electricity market in general ensures that that objective of new nuclear developments can be achieved without State intervention.
U svakom slučaju, Komisija je usklađenost Mađarske s Direktivom 2014/25/EU procijenila u zasebnom postupku u kojem je na temelju dostupnih informacija donesen privremeni zaključak da se postupci iz Direktive 2014/25/EU ne primjenjuju na dodjelu radova izgradnje dvaju reaktora na temelju njezina članka 50. točke (c).
The definition of a particular market is not necessary in that regard.
Kada je riječ o mogućoj povredi članka 8.
The Commission has therefore assessed whether a market failure exists as regards the objective of promoting new nuclear investments in Hungary and whether it is a general feature of the Hungarian market or a specific feature related to nuclear energy alone.
Direktive 2009/72/EZ, Komisija smatra da zahtjev primjene natječajnog postupka ili bilo kojeg jednakovrijednog postupka u smislu transparentnosti i nediskriminacije za osiguravanje novog kapaciteta nije apsolutni zahtjev.
In Section 5.1.1.4 of this Decision, the Commission concluded that the project would not produce sufficient returns to cover the costs of a private investor who could only obtain financing at market prices as the expected IRR of the investment is lower than a market-based benchmark WACC for the project and a rational private investor would therefore not invest under such conditions without additional State support.
U članku 8. stavku 1. prvoj rečenici zahtijeva se od država članica da u nacionalnom zakonodavstvu osiguraju mogućnost javnog natječaja za novi kapacitet.
Having regard to investments in nuclear energy, Hungary acknowledges that that technology is characterised by extremely high front loaded investment costs and by very long waiting times before investors are remunerated.
Mađarska je ispunila taj zahtjev uključivši ga u svoj Zakon o električnoj energiji.
The Opening Decision already contained a description of the Hungarian electricity market and the rationale behind the decision of Hungary to pursue a new nuclear power plant project, in particular given that it is estimated that the existing power plants will soon retire.
Nadalje, u skladu s člankom 8. stavkom 1. drugom rečenicom, ne smije se zahtijevati provođenje natječajnog postupka ako su proizvodni kapaciteti koji će se izgraditi na temelju postupka odobravanja iz članka 7.
As explained in recital 14 of the Opening Decision, the Feasibility Study developed by MVM Group exploring the implementation and financing of a new nuclear power plant was based on assumptions that in Hungary, 6000 MW of the 8-9000 MW gross installed capacity was anticipated to disappear by 2025 due to the shutdown of obsolete power plants.
Direktive 2009/72/EZ dostatni za osiguranje sigurnosti opskrbe.
As explained in recitals 15 and 45 of the Opening Decision the Hungarian TSO, MAVIR, projected a significant gap in the future overall installed capacity in Hungary.
Tako je bilo u ovom slučaju: projekt je odobren (nakon postupka odobravanja opisanog u članku 7.) kako bi se njime nadoknadio, među ostalim, manjak u predviđenom budućem domaćem ukupnom instaliranom kapacitetu i nema elemenata na temelju kojih Komisija može zaključiti da bi kapacitet bio nedostatan.
Pursuant to the latest information available, as referred to in recital 50 of this decision, the new estimates point to an overall capacity need of over 7 GW by 2031.
Stoga se čini da se na predmetni projekt ne primjenjuje natječajni postupak ili jednakovrijedni postupak u skladu s člankom 8.
According to the Hungarian authorities, current local power production will therefore increasingly fail to satisfy the growing energy demand, and thus, Hungary will inevitably experience a gap between electricity demand and supply and an increasing dependence on power imports and increasing power prices for end consumers if no new investments in power generation facilities are made.
Direktive 2009/72/EZ.
The 2,4 GW Paks II project will contribute to fulfilling this requirement.
S obzirom na navedeno Komisija nema dostatnu osnovu za isticanje moguće primjenjivosti članka 8.
The Hungarian authorities had further pointed to MAVIR’s finding that despite the large capacity gap identified, relatively little new capacity is being built in Hungary, as explained in recital 46 of the Opening Decision and Table 2 of recital 51 of this Decision.
Direktive 2009/72/EZ.
The Commission therefore questions whether any market failure applicable to new nuclear investments in Hungary is specific for such types of investment.
Komisija stoga smatra da usklađenost s drugim odredbama prava Unije ne utječe na procjenu prijavljene mjere u skladu s pravilima o državnim potporama.
The Commission notes that new nuclear investments in Europe are characterised by uncertainties and in some cases, State support measures could be planned.
CILJ OD ZAJEDNIČKOG INTERESA
The Commission notes, however, that in Slovakia, France and in the case of Olkiluoto 3 in Finland, the decisions to invest for the projects were made before the economic crisis in 2008 and before the Fukushima disaster, two events which may have significantly affected the parameters for investment.
Komisija je primijetila da mjera uključuje posebnu potporu za nuklearnu tehnologiju.
Furthermore, the investments in Finland are based on the Mankala business model where the Finnish investors obtain all electricity output at cost price.
U tom pogledu Komisija je primijetila da je u članku 2. točki (c) Ugovora o Euratomu predviđeno da Unija „olakšava ulaganja i osigurava, posebice poticanjem inicijativa od strane poduzeća, osnivanje temeljnih postrojenja potrebnih za razvoj nuklearne energije u Zajednici”.
The Mankala model gives the opportunity for the many shareholders who are part of the investing cooperative to share the risks involved, rather than have one or few major shareholders assume the entire risk of pursuing a project of constructing a nuclear power plant.
Komisija je stoga smatrala da bi se potpora za ulaganja društvu Paks II koju je Mađarska predvidjela u cilju promicanja razvoja nuklearne energije mogla smatrati ostvarivanjem cilja od zajedničkog interesa promicanjem novih ulaganja u nuklearnu energiju.
Hungary argued that Paks II should be compared with the Hanhikivi-1 project in Finland which is a project to be built by Fennovoima.
Nekoliko zainteresiranih strana podnijelo je primjedbe u kojima tvrde da se ulaganja Mađarske u nuklearnu energiju u skladu s Ugovorom o Euratomu ne mogu smatrati ciljem od zajedničkog interesa.
The Commission notes that the Hanhikivi-1 project, besides having a Mankala business model, also has a shareholding of 34 % belonging to the constructor of the plant, Rosatom.
Međutim, Komisija smatra da su odredbe Ugovora o Euratom izričito potvrđene u Ugovoru iz Lisabona i stoga se Ugovor o Euratomu ne može smatrati zastarjelim ili staromodnim Ugovorom koji nije primjenjiv.
The Commission is not in a position to compare the two projects which appear to have a different risk profile, at least in terms of shareholding.
Stranke Ugovora iz Lisabona smatrale su nužnim da odredbe Ugovora o Euratomu ostanu na snazi.
Hungary, as an investor, would assume the risk of the Paks II project alone, whereas the Mankala investors will share the burden.
U preambuli Ugovora o Euratomu priznaje se da bi trebalo stvoriti uvjete koji su nužni za razvoj snažne nuklearne industrije.
Moreover, the constructor of the plant, as direct shareholder in the Hanhikivi-1 project, may behave differently in the Paks II project where it is held liable solely by the EPC contract not as an investor or shareholder.
Kako je priznato u prethodnim odlukama Komisije, Komisija zaključuje da je promicanje nuklearne energije ključni cilj Ugovora o Euratomu, a stoga i cilj Unije.
Therefore, nuclear projects that are already being constructed would appear not to represent good benchmarks for assessing whether any market failures exist in new nuclear investments.
Kako je navedeno u preambuli Ugovora o Euratomu, Komisija je institucija Zajednice Euratoma i dužna je „stvoriti uvjete potrebne za razvoj snažne nuklearne industrije koja će osigurati znatne izvore energije”.
In addition, Hungary submitted information about plans in other Member States to develop new nuclear power plants: Lithuania, Romania, Bulgaria and Czech Republic.
Ona bi tu obvezu trebala uzeti u obzir pri izvršavanju svojih diskrecijskih ovlasti za odobravanje državne potpore u skladu s člankom 107. stavkom 3. točkom (c) i člankom 108. stavkom 2.
Those plans appear, however, to be either governed by uncertainty, still under negotiation as regards the necessary support measures and financing structure or envisage covering price risk by way of contracts for difference.
UFEU-a.
Given that those plans do not yet seem to have materialised, they do not seem to constitute a valid indicator for assessing the existence of a market failure.
(293) Nadalje, iako države članice nisu dužne razvijati nuklearnu energiju i neke od njih odlučile su da neće graditi i razvijati nuklearne elektrane, za potrebe nadzora državnih potpora promicanje nuklearnih ulaganja može se smatrati ciljem od zajedničkog interesa.
A study performed by ICF Consulting Services for the Commission Directorate for Economic and Financial Affairs on the Impact Assessment of the Euratom Loan Facility (‘the ICF study’) finds that nuclear projects have certain unique characteristics which can make their financing particularly challenging.
Štoviše, mnogi ciljevi koji su prihvatljivi i koji se priznaju u skladu s pravilima o državnim potporama i u praksi, na primjer regionalni razvoj, relevantni su samo za jednu ili nekoliko država članica.
Those features include: the high capital cost and technical complexity of nuclear reactors which present relatively high risks during licensing, construction and operation; the long payback period; the often controversial nature of nuclear projects which gives rise to additional political, public and regulatory risks; and the need for clear approaches and financing schemes for radioactive waste management and decommissioning.
Komisija stoga zaključuje da se mjerom koju su predvidjela mađarska tijela ostvaruje cilj promicanja novih ulaganja u razvoj nuklearne energije propisan u Ugovoru o Euratomu.
Beyond the traditional challenges associated with financing, the ICF study finds that nuclear power plant developers face heightened scrutiny and conservatism from prospective financiers, due to current market conditions, namely the continuing effects of the global financial crisis of 2008, the Fukushima accident, Eurozone troubles, and Basel III.
Nakon odluke o pokretanju postupka mađarska tijela dostavila su ažurirane informacije iz studija TSO-a kojima se uzimaju u obzir uvoz i razvoj potražnje.
The challenges in financing have placed a renewed focus on project risk.
Prema studiji koju je objavilo društvo MAVIR i koja se spominje u uvodnoj izjavi 50. mađarskom tržištu bit će do 2026. potrebno najmanje 5,3 GW dodatnog novog kapaciteta za proizvodnju električne energije, a do kraja predviđenog razdoblja 2031. malo više od 7 GW.
The ICF study finds, on the basis of the opinions expressed by stakeholders consulted during that study, that the financing challenges derive less from the lack of availability of private sector finance but rather from the fact that the risks associated with such investments are too high compared to the alternative investment opportunities (namely in conventional and renewable energy infrastructure).
Komisija stoga zaključuje da se mjerom usmjerenom na promicanje razvoja nuklearne energije ostvaruje cilj od zajedničkog interesa propisan u Ugovoru o Euratomu te se istodobno pridonosi sigurnosti opskrbe električnom energijom.
The ICF study concludes that financing nuclear technology is consequently unattractive, resulting in a gap between the level of investment required and what the market is willing to provide.
NUŽNOST POTPORE I TRŽIŠNI NEDOSTATAK
The financial risks related to new nuclear developments comprise: development and project preparation risk, construction risk, market and revenue risk, policy risks and regulatory risks.
Komisija je potvrdila u odluci o pokretanju postupka da nuklearnu energiju obilježavaju vrlo visoki fiksni nepovratni troškovi i dugotrajno razdoblje amortizacije takvih troškova.
The ICF study finds that the risks specific to nuclear energy, by comparison with other types of electricity generation, concern safety standards required for nuclear which means higher construction costs and higher operation costs compared to other energy technologies and the average life cycle of a nuclear power plant which is significantly longer than comparable infrastructure investments, thus giving rise to associated financial risks.
To znači da će ulagači koji razmatraju ulazak u sektor proizvodnje nuklearne energije biti izloženi znatnoj razini rizika financiranja.