Hungary: E.ON to invest 14.5 million euros in its assets in Hungary

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Electricity and gas supplier E.ON Hungaria, a subsidiary of German E.ON Group, plans to spend over 14.5 million euros in infrastructure maintenance and other investments in North Transdanubia and South Transdanubia in 2016.

CEO of the company’s regional unit in South Transdanubia, Lajos Gelencser said that the company will spend almost 2.25 million euros on reconstruction and further development of its electricity network and additional 1.15 million euros in regional gas network in 2016.

His colleague from North Transdanubia regional unit, Ferenc Csulak announced that the company will spend 11.3 million euros in order to expand its electricity network, build new substations and perform maintenance of the existing network in Northwestern Hungary, transmits