German energy heavyweight E.ON has unveiled plans to build a modern, environmentally sound combined cycle gas turbine plant in the Hungarian city of Gonyu.
The combined cycle gas turbine (CCGT) plant is scheduled to come on-stream in 2010 with a capacity of 400MW, but its capacity could be doubled in the future.
The Gonyu plant will have an efficiency rate of 58%, making the power station one of the world’s most efficient power plants, as well as allowing it to meet the most stringent environmental standards.
The power station will help to consolidate E.ON’s market position in central and eastern Europe. Currently, the energy provider holds a strong position in electricity sales, which will now be supported by building its own generation capacity.
The gas required for generating electricity will be supplied by E.ON Foldgaz Trading. As a result, the company will improve the security of the Hungarian supply.
The investment into the plant’s construction amounts to E270 million.