HomeLatest FeedsTechnology NewsA significant amount of resources will be allocated to the modernization and...

A significant amount of resources will be allocated to the modernization and capacity expansion of the electricity network



The Ministry of Energy is taking a number of measures.

Almost HUF 300 billion in EU funds arrived in Hungary; among the investments, a significant amount of resources will go to the modernization and capacity expansion of the electricity network – announced the Ministry of Energy (EM).

On Thursday, 779.5 million euros were transferred from the resources of the REPowerEU chapter of the national recovery plan developed by the Ministry of Energy. The finance ministers of the EU member states decided on the approval of the supplemented document after its acceptance by the committee, at the beginning of December.

REPowerEU outlines strategic, regulatory and development plans for strengthening energy sovereignty and a balanced energy transition. The Ministry of Energy is taking measures, among other things, to expand energy communities, to spread energy storage, and to use biogas, biomethane, geothermal energy and hydrogen on a wider scale.

The specialist portfolio explained: among the investments, a significant amount of resources goes to the modernization of the electricity network, expansion of capacity, and improvement of its operational reliability. By creating production capacities, applying clean technologies, and retraining professionals, the green economy can simultaneously contribute to the realization of energy-climate protection and growth-competitiveness aspirations.

The first call for tenders may start as early as February: in order to green transport, businesses will be able to request a non-refundable state contribution to purchase a purely electric passenger car, van or minibus. For the purchase of a vehicle, depending on the capacity of the battery, a subsidy of HUF 2.8-4 million can be obtained – announced the EM.

Mr.Mario
Mr.Mario
I am a tech enthusiast, cinema lover, and news follower. and i loved to be stay updated with the latest tech trends and developments. With a passion for cyber security, I continuously seeks new knowledge and enjoys learning new things.

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