Nov. 2, 2000 (Prague Business Journal)—The Csepel II power plant of the Csepel Power Generator Rt started operation yesterday.

Meanwhile British company Powergen Plc, the owner of this company and of Csepel Power Plant Rt, said it wishes to sell the two firms to streamline its product range.

The plant was built for $260 million, and it would supply 5%-7% of Hungary’s electricity needs.

Powergen was the last company to strike a long-term deal with the Hungarian Electricity Works (MVM Rt) at the price of Ft 10 per kilowatt-hour, which is higher than the average price in Hungary. (Ng 5) P.O.

©2000, Prague Business Journal