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Mátrai Erőmű to build HUF 6.4 bln solar plant

Hungary's Mátrai Erőmű power plant is scheduled to begin construction of the country's largest solar power plant this spring, with an annual capacity of 15MW for HUF 6.4 bln, Béla Bardos of Mátrai Erőmű told Hungarian news agency MTI yesterday. The company expects to complete construction of the project by October.

Bardos said that half of the funding will come from the power plant's own resources, which will be supplemented by a development tax preference. The solar power plant will be supplied by a consortium of Hungarian companies including Wire-Vill, as well as Austria's IBC Solar and Romania’s Energobit, Bardos said, adding that transformers will come from CG Electric Systems Hungary, formerly known as Ganz Villamossági.

According to Bardos the power plant, which is the second largest producer of electricity in Hungary with a 20% share in production and a 15% share in consumption, has a built-in capacity of 950MW.

The company employs approximately 2,100 people and had HUF 10.5 bln profit on sales revenue of HUF 95.6 bln in 2013. Mátrai Erőmű is 50.9% owned by Germany's RWE, 21.7% by German peer ENBW and Hungarian state-owned MVM holds 25.5% of the shares.