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E.ON signs power plant deal with Siemens

German utility giant E.ON Kraftwerke has signed the contract for establishing a power plant in Gönyű in western Hungary with a consortium of Siemens AG (Erlangen) and Siemens ZRT (Budapest), E.ON announced in a rpess release.

"When choosing our main contractor, we took special care for suiting the highest expectations on quality, technology and environment” said Dr. Ingo Luge, chairman of the executive board of E.ON Kraftwerke supporting the choice.

The German based energy supplier E.ON is planning to construct a highly efficient, modern and environmentally friendly gas fired combined cycle power plant at Gönyű with a capacity of 430 MW. The construction and the operation of the power plant in Hungary will be in the hands of E.ON Erőművek Kft, a subsidiary of Hanover-based E.ON Kraftwerke. The investment is going to be realized from private capital at own risk, fulfilling the need for reliable power plants, the safety of energy-supply and the replacement of out-of date power plants which will be closed. The overall value of the investment is €400 million, more than Ft 100 billion.

Construction shall start in 2008. The power plant is due to start production in 2010. With its 58% efficiency, it will be one of the most modern and environmentally friendly power plants in the world, E.ON said. (press release)