Nov. 3, 2000 (Prague Business Journal)—Csepel Electricity Producer Rt, owned by British-based PowerGen, has officially started full time operations and was linked to the national power grid on Thursday, the company announced.

The Csepel 2 power station, which has 389 MW of electricity generating capacity and 139 MW of heat generating capacity, was built at a cost of $260 million.

The new power plant will supply some 5-7% of Hungary’s total electricity needs. Csepel EP signed a 20-year contract to supply electricity to wholesaler Hungarian Electricity Works Rt (MVM).

Csepel EP also has a 20-year contract to sell heat to district-heat provider Fotáv Rt and supply contracts with MOL Rt for natural gas purchases. (Econews, Vg 15)

2000, Prague Business Journal