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Veolia Invests HUF 10 billion in Oroszlány Power Plant

Nov 30, 2022

Veolia Group member CHP-Invest Kft. and Újpalotai Energia Ltd. have signed a HUF 10 billion contract with Finnish company Valmet to renovate the boilers of the Vértes Power Plant, in Oroszlány, W Hungary, the company developing the power plant, Veolia, told the state news agency MTI. According to the company, the modernization of the boilers […]

Gas, Oil Production Remains Mol's Main Activity in Algyő

Nov 29, 2022

Traditional oil and gas production will remain Mol's main profile in Algyő, SE Hungary, for a long time to come, but the company is exploring the possibility of installing renewable energy sources, László Kardos, head of the company's Algyő production region, told reporters on site. A ten-year forecast has been prepared. It is reviewed every […]

Domestic Gas Storage Facilities Filled to 86%

Nov 22, 2022

According to the latest data published by Hungarian Energy and Public Utility Regulatory Authority  (MEKH), the Hungarian natural gas storage capacity was 5.44 billion cubic meters on November 15, which is 86.02% of the total capacity. It means that on that day, there was 19% more gas in storage than a year ago. According to […]

EU Support for Energy Development in Hungary

Oct 30, 2022

With the support of the Széchenyi Plan Plus program, Prímaenergia Plc. is implementing an energy project worth nearly HUF 5 billion. Prímaenergia Plc. is developing a complex, grid-independent energy supply system, and the company has won HUF 236.7 million in EU funding for the almost HUF 4.9 billion investment, the bottled gas and automotive gas […]

Hajdú Plc. Solar Panel Park Inaugurated in Téglás

Oct 25, 2022

A solar park was inaugurated this Tuesday at the brickworks site of Hajdúsági Industrial Plc. (Hajdu) in Téglás, eastern Hungary, as part of a HUF 180 million investment in a HUF 1.6 billion development project, the state news agency MTI reports. For the project, the government provided a total of almost HUF 780 million in […]

PannErgy Sold 38.9% More Heat in the Third Quarter

Oct 15, 2022

PannErgy Plc. sold 201,100 gigajoules of heat in the third quarter, 38.9% more than in the same period last year, the company said in a production report published on the Budapest Stock Exchange (BSE) website. According to the information, the outstanding performance was due to a cooler-than-average September and continued investment in efficiency, operational safety […]

Domestic Gas Consumption Fell Significantly in August

Oct 11, 2022

Natural gas consumption fell by 22% in August compared to last year, the lowest level in the last eight years, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Tuesday in its latest report. They stressed that with the further increase in Serbian supplies, domestic storage facilities received 10% more gas in August […]

Gas Storage Capacity in Hungary Exceeds 70%

Sándor Laczkó
Sep 22, 2022

According to data published by the Hungarian Energy and Public Utility Regulatory Authority (MEKH) September, the level of Hungarian natural gas storage facilities has exceeded 70% of the total capacity. It means that Hungary is the third best in Europe in terms of the level of storage facilities filled in relation to consumption. As of […]

Electricity by Solar Panels Up by 25.2% in Hungary

Sep 15, 2022

The amount of electricity generated by solar panels in Hungary increased by 25.2% this June compared to the same period last year, the Hungarian Energy and Public Utility Regulatory Authority (MEKH) said on Thursday, based on its latest energy statistics report. They added that solar energy accounted for three quarters of the electricity generated from […]

Oroszlány Power Plant to Be Restarted by Veolia

Sep 12, 2022

The Hungarian Veolia Group has acquired the power plant in Oroszlány, west of Budapest, from the electricity MVM Plc., and the plant will be restarted in early 2024, the company told the state news agency MTI. According to the information, the two units of the plant, each with a capacity of 50 megawatts (MW), will […]

Hungarian State Sector Required to Curtail Gas Use

Sep 8, 2022

The Hungarian government has imposed a 25% cut in gas consumption in public administration and at state-owned companies, with the exception of hospitals and residential social institutions. It will also order a temperature limit of 18 degrees Celsius in public institutions. The Hungarian government has imposed a 25% cut in gas consumption in public administration […]

Hungarians Say Tree Felling is No Solution to the Crisis

Aug 30, 2022

The overwhelming majority of Hungarian society rejects the government's plan to tackle the energy emergency by easing logging. This is according to a representative opinion poll commissioned by Greenpeace Hungary and conducted by Policy Solutions and ZRI Závecz Research. “The government's scandalous firewood decree of August 4 was cosmeticized by a subsequent ministerial order, but, […]

High Demand for Solar Panels

Aug 18, 2022

Demand for solar panels has increased significantly in the past two or three weeks, the president of the Hungarian Solar Panel Association, Ernő Kiss told the state news agency MTI on Thursday. The President said that in 2021, their member companies and other businesses installed solar systems and solar power plants in 35,000 households in […]

First LNG Shipment Arrives from Krk Terminal to Hungary

Aug 10, 2022

The first shipment of liquefied natural gas (LNG) has arrived from the Croatian import terminal in Krk to Hungary, thus adding a new mode and route to the domestic gas supply chain, which currently serves mainly transport purposes; soon the route may be opened for industrial use as well, ARELGAS Ltd. told the state news […]

ALTEO Acquires Solar Power Company

Jul 20, 2022

The Hungarian energy company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that as buyer, it has concluded a quota purchase agreement for the acquisition of the registered capital representing the entirety of the business interest in EDELYN SOLAR Ltd. (‘target company’) amounting to forints HUF 3,000,000 (three million) from individuals, […]

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