Mátrai Erőmű to build HUF 6.4 bln solar plant
Hungary's Mátrai Erőmű power plant is scheduled to begin construction of the country's largest solar power plant this spring, with an annual capacity of 15MW for HUF 6.4 bln, Béla Bardos of Mátrai Erőmű told Hungarian news agency MTI yesterday. The company expects to complete construction of the project by October.
Bardos said that half of the funding will come from the power plant's own resources, which will be supplemented by a development tax preference. The solar power plant will be supplied by a consortium of Hungarian companies including Wire-Vill, as well as Austria's IBC Solar and Romania’s Energobit, Bardos said, adding that transformers will come from CG Electric Systems Hungary, formerly known as Ganz Villamossági.
According to Bardos the power plant, which is the second largest producer of electricity in Hungary with a 20% share in production and a 15% share in consumption, has a built-in capacity of 950MW.
The company employs approximately 2,100 people and had HUF 10.5 bln profit on sales revenue of HUF 95.6 bln in 2013. Mátrai Erőmű is 50.9% owned by Germany's RWE, 21.7% by German peer ENBW and Hungarian state-owned MVM holds 25.5% of the shares.
Agriculture Ministry Committed to Sustainable Viticulture
Hungary Condemns Iranian Attack on Israel
Wizz Air's 1st Debrecen-Istanbul Flight Takes Off
Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...
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.
