The cornerstone of the 233.2 megawatt capacity, gas-fueled, combined cycle power plant to be built in Vásárosnamény (northeast Hungary) was set on Sunday.
The power plant is expected to be completed by December 31, 2009, to cost €136 million and create over 60 jobs. The investor is Kárpát Energo Zrt, a project company, majority (99.93%) owned by electricity dealer System Consulting Zrt. The contractor is MVM-ERBE Zrt, the engineering division of the electricity works MVM Zrt. In 2004 the company signed a contract with Russia’s Silovye Mashiny JSC on supplying the main power plant appliances, some of which was delivered as a $50 million “installment” of Russia’s state debt. (Napi Gazdaság)
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.