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.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.