Techcon will pay for 25% of the plant’s cost and a loan from the state-owned Hungarian Development Bank (MFB) Zrt will cover the rest, Techcon managing director Zoltán Kovács said.
The plant is expected to start operating in June 2007. It will burn an annual 22,000 tons of old rubber to generate 45GWh of electricity.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
