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Veolia agrees to buys a 430 MW CCGT power plant in Hungary from Uniper

The French utility Veolia has agreed to buy a 430 MW CCGT power plant in Gönyű (Hungary) from the German energy group Uniper. The purchase agreement was signed via Veolia's Hungarian subsidiary and the transaction is subject to obtaining the necessary authorisations. Financial details of the transaction were not disclosed.

Veolia already had 6 CHP plants in Hungary, accounting for 9% of the country's power generation, and operates two large district heating systems in Debrecen (330 MWth) and in Nyíregyháza (430 MWth), acquired from E.ON in 2015. The group aims to develop flexibility capacities, a complement to the stability of the European power grid, as the continent’s energy mix evolves towards more renewable capacity and therefore more intermittent production. With the acquisition of the Gönyű power plant, Veolia’s portfolio now represents 2.4 GW of flexible electrical capacity, equivalent to the energy needs of about 2.6 million households.

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