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Mol to build thermo-energy plant

Hungarian gas and oil company Mol Rt is to build an eco-friendly geothermic power plant near Iklódbördöce in Zala county ? daily Magyar Hírlap reported. It will be the first one in CE Europe to generate electricity from underground hot water, said managing director Zoltán Áldott. Following electricity generation the hot water will still be hot enough to provide district heating supply, similar to other geothermal plants like in Husaviki, Iceland. The multi-billion forint investment will be completed in 2007 with locating a suitable site taking up one year and construction itself another. The company hopes to get the environmental permit they applied for in January from the West Transdanubian green authority to come in within a couple of days. The company expects a Ft 150 million income per megawatt per year, which would mean with the planned 2-5 megawatt capacity the plant will become profitable within ten years. Also, the company will have some tens of thousands of emission units to sell.