Jean-François Cirelli, Vice-Chairman and President of GDF SUEZ and Janos Bencsik, State Secretary of Climate and Energy of the Ministry of National Development inaugurate today a cutting edge 405 MW combine cycle gas turbine (CCGT) power plant on the Dunamenti site, in Százhalombatta.
The EUR 200 million investment will increase Dunamenti power plant capacity to 1,930 MW1, representing close to 20% of the country’s total installed capacity, and participate in enhancing security of energy supply in Hungary and better meeting the increasing need for electricity. Since it applies the latest technology available, this plant will at the same time reduce the environmental footprint, especially the CO2 emissions, and allow to adapt to the volatile market conditions.
This project, launched in 2009, is part of the global modernisation of the Dunamenti power plant. The new plant is outfitted with a high-efficiency dual gas and fuel turbine and a new boiler which increase the generation efficiency from the current 36% to more than 57%.
Simultaneously to the implementation of this new turbine, GDF SUEZ is dismantling the obsolete units. This project demonstrates GDF SUEZ commitment to act as a responsible investor regarding today’s major energy and environmental challenges: meeting energy needs, ensuring security of supply, combating climate change and optimizing the use of resources. GDF SUEZ is firmly committed to implementing best practices in terms of Corporate Social Responsibility.
Major Hungarian and international companies were involved in this unique repowering project. All in all, more than 1,000 subcontractors worked on the construction site, mostly living in Százhalombatta or its vicinity.
“This 405 MW new capacity represents a unique investment in Hungary and will contribute to the security of energy supply in Hungary while being more environmental friendly and more efficient. This is the way GDF SUEZ fulfil its commitments vis-a-vis its customers and stakeholders. This new investment is also an outstanding industrial achievement by the teams of GDF SUEZ Energy Hungary and Dunamenti: through the repowering of a former plant, we were able to make the most cost effective project and to deliver a world class power plant” stated Jean-François Cirelli, Vice-Chairman and President of GDF SUEZ.
János Bencsik, the State Secretary of Climate and Energy of the Ministry of National Development stated: "In the first half of the National Energy Strategy plan, besides the positive impacts of building energy efficiency programs, we also have to face an increasing natural gas demand. The modernization and the gradual replacement of Hungarian out-dated and low efficiency power plant units is essential. So the investment of GDF SUEZ at Százhalombatta not only answers the Government’s intentions, but also fulfills the strategic goals. The government intends to give a special role to the national Magyar Villamos Művek in the completion of its domestic and regional energy ambitions. Therefore I am especially pleased to be able to celebrate a power plant development, where the national energy company owns 25% share."
1 Including own-consumption of the plant
GDF SUEZ in Hungary
GDF SUEZ invested in Hungary 15 years ago in energy companies looking back to nearly 100 years history. 1,400 Hungarian people work for GDF SUEZ in Hungary. GDF SUEZ supply natural gas for 800,000 customers in a safe and reliable way, and electricity for businesses . The Dunamenti Power Plant just upgraded to a capacity of 1, 930 MW is the biggest gas-fired power plant in Hungary and significantly contributes to the security of supply in the Hungarian electricity system.
GDF SUEZ is also present in Hungary in environment and building engineering.
About GDF SUEZ
GDF SUEZ (gdfsuez.com) develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,350 people worldwide and achieved revenues of €84.5 billion in 2010. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.
Investor relations contact:
T: +33 (0)1 44 22 66 29 / E: ir[.]gdfsuez.com.