Elmű-Émász upgrades electricity grid

Telco

Regional electricity distributor Elmű-Émász will spend more than HUF 30 billion this year on upgrading its electricity grid infrastructure, Marie-Theres Thiell, chair of the companyʼs board of directors, said on Thursday.

Continuing economic growth, new home construction, more producers of renewable energy and the need for an expanding charging station network for e-vehicles make it necessary to upgrade the infrastructure, Thiell said, cited by national news agency MTI.

Elmű-Émász has spent around HUF 30 billion annually on expansion in recent years, and this could grow to an annual HUF 32 bln within three years.

József Béres, executive manager at the Elmű Hálózati and Emász Hálózati network companies, said 17 grid substations will need to be established in the next ten years, three of them this year. By 2020, Elmű-Émász will also lay down 120 kilometers of underground cables in hilly areas of Northern Hungary, he added.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.