With the ceremonial laying of the cornerstone, one of the most significant developments in the Hungarian energy system has entered a new phase, and construction has begun on the combined-cycle gas turbine power plant in Tiszaújváros. The investment is a key element of state-owned MVM Group’s long-term strategy, which aims not only to meet growing […]
MVM Zöld Generáció [Green Generation], a unit of state-owned energy company MVM Group, will build a hybrid geothermal power plant, the first in Hungary, near Zsana (S Hungary), Energy Minister Csaba Lantos announced on site on Tuesday. The company will drill to a depth of 2,400-2,500 meters to tap a 140-150-degree Celsius thermal water source, […]
A contract for a EUR 1.2 billion syndicated loan for the construction of a 1,000 MW combined cycle gas turbine power plant in Tiszaújvaros (NE Hungary) has been signed, state-owned energy group MVM said on Friday. MVM said the syndicated loan is provided by 11 banks on favorable terms. The loan is covered by the […]
ALTEO-Therm Ltd. has successfully completed a HUF 434 million investment project to replace its former 3.2 MW Wärtsilä 220 SG gas engine at its Tiszaújváros site with a modern, refurbished Jenbacher J620 engine. The project not only involved the replacement of the gas engine, but also included mechanical, electrical and control updates to auxiliary plant […]
The Oroszlány Power Plant, northwest of Budapest, will join the national electricity supply companies as a biomass-based power plant in the first half of 2024, the Veolia Group, which is restarting the plant that closed seven years ago, told MTI on Tuesday. According to the company, the Oroszlány power plant will be their fifth modernization […]
