Aufwind Schmack Első Biogáz Kft will build a HUF 3.9 billion (€14.37 million) biogas-fueled power plant in Hungary by the end of 2010, company project director József Kecskés told MTI.
Aufwind, the Hungarian unit of Germany's Aufwind Neue Energien GmbH, will begin construction of the 3.7MW plant in Szarvas in the spring of next year, at the latest.
The Hungarian Energy Office will be obliged to purchase the 27 million kWh in renewable energy that the company will generate annually for a period of 13 years and one month beginning at in October 2010. Operating the plant will consume 10% of the electricity generated.
Aufwind will finance construction of the power plant primarily through bank loans, though the company also received HUF 494 million in New Hungary Development Plan support for the investment.
Aufwind will use biomass and waste from meat and poultry company Gallicop, also based in Szarvas, as the raw material for production of biogas at the plant. (MTI – Econews)