German Investor Says No To 440MW Hungarian Capacity Expansion
- 4 Nov 2010 12:00 AM
German investor RWE has allegedly scrapped plans to expand the capacity of its lignite-based (brown coal, that is high in water content) power generating unit Matrai Eromu, the company said.
The plant, located in Visonta, at the foot of the Matra Mountain, was expecting to spend at least HUF 300-bil on building a new 440MW power generating block to boost capacity expansion by at least 50%.
But RWE reportedly admitted that no matter how hard the Hungarian Power Co (MVM) tried to carry out the investment, RWE would not swallow the bitter pill in an investment that would have been unprofitable in the long term.
By Tamas S. Kiss, published on XpatLoop.com with the permission of BudapestReport.com
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