E.ON Launching HUF 74 bln in Network Investments
Electricity distributor E.ON Hungária has announced the launch of HUF 74 billion of network investments between now and 2026, according to Menedzsment Fórum.
Half of the investment cost will come from Hungary's European Union Recovery and Resilience Facility (RRF) funding, which the government is pre-financing, deputy CEO in charge of the network Ádám Katona said.
The investments will add 726 MW of capacity to the network, he added.
State Secretary for Energy Attila Steiner noted that the EU had cleared HUF 163 bln in RRF funding for Hungary, allowing 3,000 MW of solar power capacity to be hooked up to the electricity network.
Katona said E.ON Hungaria had more than 130,000 requests to hook up household solar panels to the network last year, more than the combined number in the preceding 10 years.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
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.
