Securing Electricity Supply

Paying attention to increasing electricity demand in the region, MOL together with CEZ, the Czech Energy Company established a joint company.

As the first remarkable projects of this joint venture – in the Danube and Bratislava refineries: two combined cycle gas turbine (CCGT) technologies each with an installed capacity of 800 MW which will result in a 58% net electrical efficiency (compared to an average 36% efficiency of gas power plants in Hungary in 2007) and thirdly, the revamp of the existing thermal power plant in the Bratislava refinery. The amount of energy produced will be able to create sufficient steam and energy sources for the Százhalombatta and Bratislava refineries. It also enables MOL to enter and gain a significant share of the very attractive energy market.