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Test run begins at Hungary's first peaking power plant

A test run has started at Hungary's first peaking power plant, one that operates only when there is demand for extra capacity, the state-owned Hungarian Electricity Works (MVM) said on Wednesday.

MVM built the €75 million plant in a joint venture with Euroinvest, owned by the construction magnate Sándor Demján, at Euroinvest's existing power plant Bakonyi Erőmű in Ajka (NW Hungary). The JV took out a €63 million syndicated project loan in February 2010.

MVM's communications directorate promised further details on the investment after it is put into operation.

The peaking power plant has two 58MW blocks.