Veolia Energy Hungary buys biomass plant

Conferences

Hungarian energy firm Veolia Energia Magyarország Zrt. purchased its peer Bioenergia Művek Energiatermelő (DBM) Zrt., which operates Hungary’s fourth biggest biomass energy plant in Szakoly, according to a press release issued today. The Hungarian Competition Authority reportedly approved the transaction.

Veolia aims to make the plant sustainable in the long-term, saying that by achieving a 19.8 MW performance, the facility could effectively contribute to Hungary’s energy targets, the press statement said. 

The plant, which was built in 2009, currently employs a staff of 55. Annually 140,000-150,000 tons of wooden pellets are burnt, and the energy created is passed into the country-wide energy network, the press release said.

“Veolia Energia Magyarország Zrt. has been in the lead of Hungary’s renewable energy production … and now can further strengthen its position in the Central Hungarian region as well,” said György Palkó, Veolia Chairman-CEO.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.