Ministry of Energy Affairs State Secretary Attila Steiner noted that Hungary was pre-financing the project, which was awarded HUF 10.1 billion in funding from the European Union's Recovery and Resilience Facility (RRF).
A total of HUF 20 bln in RRF funding is going toward installing 290,000 smart meters, of which E.ON Hungaria is installing more than half, he added.
The power company's chairman-CEO Guntram Würzberg said the smart meters could be read remotely and offered customers detailed information on consumption.
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