HomeRenewablesBiomassVeolia acquires Hungarian biomass CHP plant

Veolia acquires Hungarian biomass CHP plant

Veolia has closed the purchase of a biomass combined heat and power plant in Hungary.

A subsidiary of Veolia Environnement SA (EPA:VIE) closed the acquisition of a 98% stake in the operator the plant.
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Veolia subsidiary, Veolia Energia Magyarorszag Zrt will now hold the majority interest in Bakonyi Eromu Zrt, it was announced, without disclosure of the financial terms of the deal.

Bakonyi Eromu operates a plant that has the capacity to generate 131.6 MW of power and 360 MW of heat. Although it runs mostly on biomass, including wood chips and agricultural by-products, the facility still burns some coal. Veolia’s goal is to lower the amount of used coal and eliminate ash pollution.

The acquired plant was established in 1992 and currently provides jobs for 285 people.