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District heating company Főtáv plans HUF 15.6 bln in investments

Budapest Power Plant's district heating unit Főtáv plans to make HUF 15.6 billion in long-term investments, company CEO Csaba Fekete said on Thursday.

Fekete said that the company's investments will include modernising pipeline, increasing production at the Csepel Power Plant and transferring biomass heating-sources. Fekete added that Főtáv plans to make an additional HUF 4.35 billion in short-term investments, noting that the company expects to recoup the money spent on the investments over a period of a few years.