The start date and contract value were not divulged. According to the company, the contract between DD Energy and Audi Hungária Motor, the Hungarian unit of Germany-based vehicle manufacturer Audi, stipulates that it may be extended for a further 15 years.
DD Energy won HUF 1 billion in European Union support in September 2013 to finance an investment aimed at making it possible for the unit to provide an unnamed “major company” with heat.
PannErgy is a Prime-category issuer at the Budapest Stock Exchange.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
