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Ganz to upgrade base with EUR 11 million solar power plant

Ganz Transzformator- es Villamos Forgogepgyarto, a manufacturer of high-performance transformers and electric motors, is installing a 2MW solar power plant at its base in Tapioszele, in central Hungary.

The company said the 11 million euro investment had been awarded a nearly 5 million euro government grant in the framework of the Factory Rescue Programme.

Ganz Transzformator- es Villamos Forgogepgyarto had net sales revenue of 43.9 billion forints (EUR 115.8m) last year, public records show.

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