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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.828
0.068 (1.81%)
08 Aug 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Mol Magyar Olay Es Gazipari Rt (PK) USOTC:MGYOY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.068 1.81% 3.828 3.75 3.93 3.93 3.75 3.82 20,875 20:59:33

Hungary's MOL To Build 860 MW Gas Plant In Slovakia -Report

10/11/2011 10:28am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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Hungarian oil and gas company MOL Nyrt. (MOL.BU) plans to build a gas-fired power plant at the site of its Slovak unit Slovnaft a.s. (SLN.BS) in Bratislava, Hungarian business daily Napi Gazdasag reported Thursday.

The plant will have a capacity of 860 megawatts, similarl to the one MOL is building at its refinery in Hungary's Szazhalombatta as part of a joint venture with its Czech strategic partner CEZ AS (BAACEZ.PR). CEZ holds 7.3% of MOL.

The Slovakian plant is also planned to be built in cooperation with CEZ, Vilagi said.

MOL will complete the Slovakia-based plant somewhat later than the Hungary-based one, which is in turn expected to begin commercial operation in the first quarter of 2015, the Slovnaft CEO said.

MOL traded up 1.2% or HUF180 at HUF15,880 at 0945 GMT.

 
   Newspaper website: www.napi.hu 
 

-Budapest Bureau, Dow Jones Newswires; +361-267-0623

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