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Electricity investment on the line |
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Written by Attila Leitner
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Saturday, 06 February 2010 |
Electricity producer and reseller Alpiq Csepel is planning to double its current output of 400MW-h by the middle of the decade at a cost of almost EUR 370 million, the company’s CEO Gábor Briglovics told reporters last Monday.
The Swiss-owned corporation (formerly known as Atel) dropped its previous name on 1 February and, similarly to other members of the company group, now uses Alpiq, which came into existence after the merger of Atel and EOS.
Output down, profits not
The majority output of Alpiq’s Csepel II power plant is sold directly to the Hungarian Electricity Works (MVM) and although the company produced about 50% less power last year compared to 2008, it managed to keep its profit level constant. According to Briglovics, the company expects a considerable drop in profits in 2010 because they have to sell the produced electricity at a pre-determined price.
“We are currently in the project development phase of the Csepel III venture with a final decision on the go-ahead from the investor expected in 2011,” the CEO said, adding that the new gas turbine power plant is planned to have an efficiency rate of 57-58%, as opposed to the 49-50% rate of the current one.
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