Budapesti Erőmű completes Ft 13.7 bln investment

Green Energy

Power company Budapesti Erőmű Zrt, owned by Electricite de France, has completed a Ft 13.7 billion update at its Kelenföld power plant in the south of Budapest, the company announced on Tuesday.

When the investment started in November 2004, Budapesti Erőmű said it would replace the plant's steam turbines and boilers and would also expand the plant. The project was to have added another 14 MW to the plant's capacity, bringing it to 186 MW. Alstom Power Hungária Rt and Schneider Hungária Rt were the general contractors for the project. Construction works were carried out by Vegyépszer Zrt, and Budapesti Erőmű paid for 70% of the project's costs with loans.
The Kelenföld plant generated 3,000 terajoules of thermal energy and almost 600 GWh of electricity in 2005, according to Budapesti Erőmű's report for the period. The company sold 1,432 GWh of electricity and 9,136 terajoules of heat energy during the year. Budapesti Erőmű provides 60% of Budapest's district heating.
Budapesti Erőmű had HAS after-tax profits of Ft 1.997 billion in 2005, of which Ft 1.437 billion was paid as dividend. Revenue came to Ft 38.633 billion in 2005.


POPIHN Raises Forecast for Fuel Consumption Energy Trade

POPIHN Raises Forecast for Fuel Consumption

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

Nolato Partners With Happy at Work HR

Nolato Partners With Happy at Work

Sümeg Castle Reopens History

Sümeg Castle Reopens


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.