Chinese investor to build Hungarian geothermal power plant
Chinaʼs Zhejiang Kaishan Compressor Co. has agreed to build a HUF 45 billion geothermal power plant in Tura, east of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó told national news agency MTI during a visit to Shanghai yesterday.
The 40 MW power plant will supply heat to farms and residential buildings as well as generate electricity, Szijjártó said, speaking to MTI by telephone. Zhejiang Kaishan Compressorʼs geothermal business will also set up a base in Budapest, he added.
Talks with China Eastern Air Holding on launching a direct flight between Shanghai and Budapest are in an advanced stage, the minister noted.
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.