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Főtáv, Alpiq to invest HUF 18 bln

Telco

Főtáv, the district heating company for Budapest, and Swiss-owned Alpiq Csepeli today signed an agreement for a development project valued at over HUF 18 bln. The project is expected to raise the heat capacity of Alpiq's power plant in the south of Budapest from 145MW to 245MW by the start of the heating season in 2017, Hungarian news agency MTI reported.

Főtáv is taking a HUF 15.7 bln investment share in the project, with half of that amount being supported by a European Union grant. Alpiq is investing HUF 3 bln to the project, and is planning to spend a further HUF 4.3 bln on related environmental developments by 2019.

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