Thursday, June 7, 2018

Hungary: Chinese Company Reported to Have Agreed to Build 40 MW Geothermal Power Plant

Chinese investor to build geothermal power plant (Budapest Business Journal)

Chinaʼs Zhejiang Kaishan Compressor Co. has agreed to build a HUF 45 billion geothermal power plant in Tura, east of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó told national news agency MTI during a visit to Shanghai yesterday.   

The 40 MW power plant will supply heat to farms and residential buildings as well as generate electricity, Szijjártó said, speaking to MTI by telephone. Zhejiang Kaishan Compressorʼs geothermal business will also set up a base in Budapest, he added.