Green Power Plant Inaugurated by Hungarian-Japanese Investors

Hungarian and Japanese investors inaugurated a HUF 14 billion, 20MW biomass-fueled power plant in Szakoly (NE Hungary) on Thursday.

The plant was built by South-Nyirseg Bioenergy Works, its operator and 62 pct owner, as well as by the Hungarian companies Liget, Gea Egi, Vis and Japanese electricity company Tohoku Epco. Its construction was financed in equal part by the Hungarian Development Bank (MFB) and K and H Bank. The plant's owners were awarded a HUF 200 million state grant for workplace creation. The Tisza Cooperative, which grows energy crops on 7,000 hectares, will supply fuel for the plant. Ash from the plant will be used to fertilize farmland in the area. Agriculture Minister Jozsef Graf participated at the inauguration of the plant, which is Hungary's first biomass-fueled power plant built as a greenfield investment.

News Monitoring