News

PannErgy commences working with the private sector

PannErgy commences working with the private sector View over Budapest, Hungary (source: flickr/ Rodefeld, creative commons)
Francisco Rojas 27 Sep 2013

Company looking forward to further economic development

The proposal of DD Energy Termel? és Szolgáltató Ltd. (DD Energy Production and Service Ltd.) won non-repayable 1 billion HUF (~4.5 USD) grant on a tender. DD Energy Termel? és Szolgáltató Ltd. is a subsidiary of PannErgy. The tender named „Meeting local heating/cooling demands with renewable energy sources” (No.: KEOP-2012-4.10.0/B) requested proposals as part of the New Széchenyi Plan – Environmental and Energy Operation Plan, and it utilizes EU funding. The investment built with this funding will provide part of the required energy and heat from geothermal sources for a large enterprise.

Péter Tóth, the CEO of PannErgy Ltd announced the following: “The requirements of sustainable development encourage the various members of the society, including large industrial enterprises, to approach power-supply questions from a new angle. The strategic aim of PannErgy Co. fits both the EU and national energy policy. The aim of the company is the facilitation of environmental aspects in the economic development.”

Source: PannErgy