Germany's utility giant E.On is to build a 400-megawatt gas-fuelled power plant in Gönyü, Hungary and the blueprints for the HUF 100-200 billion investment are already on the table of the Hungarian Energy Office (MEH), business daily Napi Gazdaság has reported on Tuesday.
According to Court of Registry data, E.On carried out a HUF 1.2 billion capital increase at its Hungarian unit E.On Erőművek Termelő és Üzemeltető Zrt. on 31 October. The local subsidiary declined to comment.
E.On has already requested approval for the construction of the plant in Gönyü, the paper cited MEH Deputy Chairman István Pataki as saying.
MEH has 120 days to decide on the matter, which has not lapsed yet. The office has reportedly welcomed the initiative, but is not so happy about plans to fuel the power station with gas.
At the end of April this year E.On said in a comment to the National Allocation Plan of Hungary (NAP), which establishes a scheme for greenhouse gas emission allowance trading, that they planned to build two combined-cycle gas turbine (CCGT) power plants with an output of 800 MW in Gyönyü. The first 400 MW plant is to start generating in 2009 and the second, also 400 MW, in 2011, according to the official comment.
The purpose of the NAP is to determine the total quantity of allowances to be allocated for the period of 2008-2012 to installations under the Directive, and to determine how to allocate the above allowances to those installations.
At E.On's official website the start of generation at the first CCGT power plant was put to 2010. This 400 MW plant will have an efficiency of 57% and will save 1.3 million tons of CO2 each year. E.On also said they were erecting a cogenerating CCGT power plant in Nyíregyhaza, Hungary. This would be a smaller plant with an output of 49 MW. It will produce a CO2 saving of between 150,000 and 200,000 tonnes per year.
According to the 2008-2012 NAP, the Energy Office was requested approval for two 413.1 MW blocks. The document said the “forwarding of the contract was underway".
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts,
spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas