Hungary, Croatia sign power line deal

Food

The system director of electrical-grid operator Mavir, Gábor Tari, and his counterpart at Hrvatska Elektroprivreda, Dubravko Sabolic, signed a contract in Osijek, Croatia, to build a 400 kV power line between Pécs, Hungary, and Ernestinovo, Croatia, Croatia Post reported.

Also present at the contract signing were Croatia's Minister of Economy, Employment and Enterprises Branko Vukelic, Hungary's Minister of Economy János Kóka and the economic attaché of the Hungarian Embassy in Zagrab, Péter Závoczky. The two 400 kilowatt lines are scheduled to be completed by March 2010, it was reported. According to the contract, Hungary will build 42.2 kilometers of the cable at a cost of approximately €20 million ($27.6 million), while Croatia will build 44.1 kilometers of cable at a cost of approximately €21 million by March 2010. Hungary's €20 million will include the cost of expanding the Pécs substation. (neurope.eu)

ADVERTISEMENT

Business confidence edges up as consumer sentiment weakens Analysis

Business confidence edges up as consumer sentiment weakens

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.