The project secured HUF 1bn ($5.28m) grant through the government’s Energy Operative Program, while the rest of the investment will be provided by HPC, private donors and from bank loans.
On completion, the two turbine facility is expected to deliver a 8.6GW of power annually.
Work on the project is expected to be complete next year, reports bbjonline.hu.
The company also plans to build another hydro plant on Hernád River, and it previously completed a similar power station on the Raba River.
