AES sells 900MW gas-fuelled power plant in Hungary.

By bne IntelliNews December 10, 2012
US power company AES has sold its Tisza II gas-fuelled power plant in Tiszaujvaros, eastern Hungary, to group of Hungarian investors, MTI news agency reported, citing local daily Vilaggazdasag. The facility, which was shut down in March 2012, has an installed capacity of 900MW. It was Hungarys fourth biggest power plant, accounting for 5% of the domestic energy generation. AES also closed down its 90MW coal-fired power station in Tiszapalkonya and its 71MW wood-fired power station Borsodi Hoeromu in March 2011, due to falling wholesale electricity prices. Consequently, Hungarian property developer and financial consultant Civis Capital bought the two power plants.

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