ADVERTISEMENT

Thermowatt signs cooperation with Vietnamese partner

Conferences

Hungarian energy company Thermowatt Kft. has signed a cooperation agreement with Vietnamese construction firm and property developer Hoa Binh, Thermowatt announced Tuesday, according to Hungarian news agency MTI.

Hoa Binh will carry out USD 5 million worth of projects annually in Vietnam, where it will employ the wastewater heat utilization technology of Thermowatt.

The companies also agreed they will submit a joint bid for financing to the Green Climate Fund, a fund within the UN Framework Convention on Climate Change set up as a mechanism to help developing countries in practices to counter climate change.

Hoa Binh has 6,000 employees and posted more than USD 470 mln revenues last year. Thermowatt had HUF 500 mln revenues in 2015.

Gas Consumption Falls to 4.37 bln Cubic Meters in H1 Energy Trade

Gas Consumption Falls to 4.37 bln Cubic Meters in H1

AgMin Outlines Agricultural Priorities of Hungarian EU Presi... EU

AgMin Outlines Agricultural Priorities of Hungarian EU Presi...

AutoWallis’s Retail Sales See Continued Growth Automotive

AutoWallis’s Retail Sales See Continued Growth

Verzió DocLab Calls for Submissions, Offers HBO Development ... Art

Verzió DocLab Calls for Submissions, Offers HBO Development ...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.