This is where Hungary will build its new gas power plants
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Last week, Hungarian Prime Minister Viktor Orbán announced that new gas power plants would be built in the country. He explained the decision by highlighting the increased demand for energy from domestic investments. It was also revealed that the power plants would be built in the eastern region of Hungary.
Since then, the Ministry of Energy has announced the exact location of the power plants and the details of how the project would be financed, forbes.hu reported.
The plans
Three combined cycle gas turbine (CCGT) power plants are planned to be built in Hungary. Two of them will be built in Tiszaújváros and one in Visonta. The blocks in Tiszaújváros will be built at the base of MVM Tisza Power Plant. The two power plants will have a maximum capacity of 500 MW each. The plant to be built in Visonta will be on the site of the Matra Power Plant owned by MVM Matra Energy Ltd. This block will have a maximum capacity of 650 MW. The two units in Tiszaújváros will be able to generate an average of 5,200 GWh of electricity per year, while the one in Visonta will have a capacity of 3,800 GWh per year.
How the investment is financed
Orbán said last week that the final form of funding had not been decided. At that point, EU funds and foreign investment were also among the options. Now, however, it has been revealed that the project will be financed by public funds. The state-owned MVM Group is
