Elmű, Émász call tender worth combined Ft 54.8 bln


Hungarian electricity distributors Elmű Nyrt and Émász Nyrt, both wholly owned by German utilities giant RWE, have called a tender for the delivery of cables and transformers for the next four years worth Ft 54.8 billion.

Elmű will purchase Ft 35.6 billion worth of equipment, and Émász will buy Ft 19.2 billion. Elmű spent Ft 17.02 billion on network developments last year, and Émász spent Ft 8.14 billion, spokesman for both companies Norbert Boross said. He declined to reveal how much the companies plan to spend on investments in the coming two years.
Boross said Elmű's network was valued at Ft 94.1 billion in 2005, while Émász's was assessed to be worth Ft 38.07 billion. However, the units' assets were last appraised in 1992, meaning the figures are out of date.


Companies Unprepared for Cyberattack Analysis

Companies Unprepared for Cyberattack

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...


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.