Lantos Augurs 5x Increase in Energy Investments
Minister of Energy Affairs Csaba Lantos augured a five-fold increase in energy infrastructure investments in Hungary in the coming seven years in an interview published by the news portal index.hu this week.
"Hungary needs to enter a much more investment-intensive era, in the area of energy, too. We're getting ready to raise infrastructure investments necessary for sufficient energy supply by a factor of five in the coming seven years compared to the last seven years," Lantos said.
He added that investments would focus on renewable energy resources, network development, and infrastructure upgrades that increase flexibility.
The minister pointed to Hungary's high degree of vulnerability in energy dependence and said the country needs to advance in the direction of energy sovereignty "even during periods when that endeavor isn't the most economical."
He put the security of supply on a par with energy sovereignty and said Hungary can't decline energy sources for "ideological reasons" as that would "put Hungarian families and the economy at risk."
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.