PannErgy JV to build $70 million geothermal plant in Hungary

In Hungary, alternative-energy company PannErgy Nyrt has established a joint venture with a Miskolc local council-owned district-heating company Miskolci Hőszolgáltató (Miho) to build a $70 million geothermal power plant in the city, as reported in the Budapest Business Journal. The JV, called Miskolci Geotermia, will drill to a depth of 2,000-2,500 meters. The power plant is expected to start operations in two years.