State-owned Hungarian Electricity Works (MVM) and Swiss energy company Alpiq have agreed the sale of Alpiq’s 403 MW gas-fired combined cycle power plant Csepel II in the southern district of the Hungarian capital Budapest. The contract has not been signed yet, but Alpiq plans to complete the sale by the end of the year.
In late September, Alpiq announced that it plans to sell the plant as part of its strategy of divesting non-core assets and that it is in negotiations with MVM regarding the sale. Csepel II power plant was built in 2000, it produces about 7 % of the country’s electricity needs, as well as heat for district heating and is still among Hungary’s most modern power generating facilities. Alpiq acquired the plant in 2002.
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Tags: acquisition, Alpiq, Csepel II, electricity, Hungary, MVM, power plant, TPP