Dunamenti Power Plant in Hungary to make lay-offs

Green Energy

Dunamenti Power Plant, Százhalombatta, owned by France’s GDF Suez, is to restructure its operations in order to avoid a final shutdown; the restructuring will involve substantial lay-offs over several stages, Hungarian dailies Népszabadság and Magyar Nemzet said on Monday. Népszabadság also said the gas-fuelled power plant, one of the biggest in Hungary, will switch over from continuous to demand-based operation and implement cost-cutting measures. Magyar Nemzet said the power plant will effectively cease to generate electricity, and will only supply power to the town of Százhalombatta, about 40 km south from Budapest, when demand is high and thermal energy to the local MOL refinery on the basis of demand. CEO Zoltán Jászberényi told the paper that the move is not a consequence of the government-initiated reduction in household utilities prices, but of market processes. With the current gas prices, electricity generation is not profitable at the unit, originally built for thermal energy generation. Magyar Nemzet said the lay-offs will only leave 100 workers employed at the plant.


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.