The local unit of German-owned Siemens Energy laid the cornerstone of a factory at its power plant turbine parts manufacturing base in Budapest on Tuesday.
The factory is part of a 30 billion investment (EUR 75m) at the base that will create 400 jobs, Péter Szijjártó, the minister of foreign affairs and trade noted. Siemens Energy Kft also announced a 2.7 billion forint training programme, for which the state is providing 630 million in support.
In the coming period, countries capable of producing most of the energy they consume are going to have a competitive advantage, he said. “Production capacity for energy production and knowledge of the sector give a huge competitive advantage, and Hungary is making a big step forward in that regard,” Szijjártó said.
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He added that major energy producers had “grown too comfortable” and neglected infrastructure improvements and diversification. “All they did was issue green ideology … PR communications rather than taking effective environmental protection measures,” he said.
“We in Hungary have proven that we can ensure the country’s energy supply even in the darkest, most challenging times, based on rationality and common sense,” Szijjártó said.
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Here are some photos:
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