Hungarian Minister of National Economy Mihaly Varga said at the start of construction of the new geothermal power plant in Mosonmagyarovar in southwestern Hungary, that the Government considers this project to be very important therefore it will support it with 6.7 million euros out of a total of 9.6 million euros needed.
Minister Varga said that the expansion of the use of geothermal energy is important for Hungary in many aspects: it increases the security of energy supply, reduces dependence on energy imports, contributes to the reduction of energy prices and improves the country’s position in terms of environmental protection. The investment is in line with the national energy strategy and the renewable energy utilization program. He reminded that Hungary has already reached its 2020 renewable energy target of 14.6 % but it continue with the investments in renewable energy sources. Geothermal energy is accounted only for 0.28 % of total energy used in the country.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed