MOL, E.ON apply for EU funds for EV charging stations

Competition

Hungarian oil and gas company MOL and utilities company E.ON have submitted a joint application for HUF 1.42 billion of EU funding for charging stations for electric vehicles, MOL confirmed on Tuesday, as reported by Hungarian news agency MTI. 

The two companies are applying for funding from the EU ľs Connecting Europe Facility (CEF). The total cost of the project is HUF 1.67 billion. The local unit of Japanese car maker Nissan will also join the project.  

The government backed the funding application in a resolution published in the latest issue of the official gazette Magyar Közlöny.

The European Commission ľs website describes the CEF as "a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. It supports the development of high-performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services."

ADVERTISEMENT

Households Continue to Make Net Withdrawals in Oct Banking

Households Continue to Make Net Withdrawals in Oct

Gov't Keeps Rate on General-purpose Student Loans at 7.99% Government

Gov't Keeps Rate on General-purpose Student Loans at 7.99%

Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing... Deals

Wolf Theiss Advises Kyoto Group on HaaS Delivery to Kall Ing...

4-legged Guests Welcome at Hungary's 1st Hampton by Hilton Hotels

4-legged Guests Welcome at Hungary's 1st Hampton by Hilton

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.