MVM agrees to buy Alpiq power plant in Budapest

Recycling

The state-owned Hungarian Electricity Works (MVM) has agreed with Swiss energy company Alpiq on the purchase of the latterʼs gas-fueled power plant in the south of Budapest, Hungarian economic daily Világgazdaság reported today.

Alpiq announced in September it was planning to sell the plant, which was built in 2000 and currently is among Hungaryʼs most modern power-generating facilities, in an attempt to reduce its debts, the paper said. 

MVM Chairman-CEO Péter Csiba earlier said talks were underway on the purchase of the plant in the capitalʼs Csepel district, Hungarian news agency MTI reported.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.