E.ON Launching HUF 74 bln in Network Investments

Energy Trade

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.

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