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Chinese investor to build Hungarian geothermal power plant

Chinaʼs Zhejiang Kaishan Compressor Co. has agreed to build a HUF 45 billion geothermal power plant in Tura, east of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó told national news agency MTI during a visit to Shanghai yesterday.   

The 40 MW power plant will supply heat to farms and residential buildings as well as generate electricity, Szijjártó said, speaking to MTI by telephone. Zhejiang Kaishan Compressorʼs geothermal business will also set up a base in Budapest, he added. 

Talks with China Eastern Air Holding on launching a direct flight between Shanghai and Budapest are in an advanced stage, the minister noted.