E.ON opens new CCGT power plant in Gonyu, Hungary

Wednesday, June 29, 2011 3:47 AM

(Source: Datamonitor)trackingE.ON, an electricity and gas company, has opened a combined cycle gas turbine, or CCGT, power plant in Gonyu, Hungary.

The plant, in which the company has invested approximately E400 million, is setting new standards in power generation in Hungary, with a capacity of 433 megawatts and efficiency of over 59 percent.

Highly efficient and flexible to use, CCGT plants are increasing in importance in E.ON's energy mix. They are particularly suited to speedily and flexibly balancing out load fluctuations in the grid which arise from the increasing, but non-predictable, feeding-in of wind and solar energy. In this way, these systems also make an effective contribution to the expansion of renewable energies, the company said.

Four further CCGT plants, with a combined capacity of more than 2,100 megawatts, are currently awaiting commissioning. They include the Irsching 4 CCGT plant and two large plants in Russia. Irsching 4, which will go into operation in summer 2011, will be the first plant of its kind to achieve an electrical efficiency of more than 60 percent.

The Russian plants, located in Surgutskaya and Yaivinskaya, and their high efficiencies and total installed capacity of 1,200 megawatts will likewise give E.ON's position in the Russian electricity market a boost, the company added.

Jorgen Kildahl, the E.ON AG Management Board member, said: "The CCGT plants in Europe and Russia which have already commenced operations or are set to be completed shortly are enabling us to expand our generating capacities by approximately 9,500 megawatts. It's important to emphasize that all our new CCGT plants are at the top of the table in their respective countries in terms of both efficiency and climate care."

A service of YellowBrix, Inc.


Follow iStockAnalyst on Twitter Follow iStockAnalyst on Twitter
Subscribe to Email Alerts

Comments Closed


  
Advertisement
Related Press Releases
Popular Articles
Advertisement
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.