The 4th Green Energy Competition is on the way

Research-inspiring interesting questions, exciting venues, and valuable prizes – Pannonpower launched the 4th Green Energy…

Economic development

 

The straw-fuelled unit to be implemented in the framework of the nationally unique technological development project will benefit the entire region. A clear sign of its effect on economic development is that the additional income induced at the level of the national economy during the construction phase can be estimated as HUF 4.6 billion, of which HUF 1.4 billion occurs in the region. Budgetary revenues from the generated additional income will amount to HUF 3.8 billion, of which HUF 1.2 billion is estimated to remain in the region.
The future power plant unit will use locally produced biomass fuel, thus during its operation Pannonpower will spend HUF 3.1-3.5 billion in the region annually. This means that the amount of money spent on purchasing natural gas from abroad will remain in the region inducing economic growth there. Even more important for the local community, however, is that according to our estimations the additional local business tax to be paid by Pannonpower in itself will reach HUF 130 million per year. 
In the construction phase the intended 35 MWe biomass power plant will provide job for about 100-150 people until 2012, 75-80 of which are employed by companies of the region. Following commencement of the operation 150 people are expected to be employed annually due to the employee retention effect of the new unit, on the one hand, and the job creating effect at the suppliers in the field of transportation and storage, on the other.
The shift of focus towards agro biomass fuels offers new opportunities for the agriculture as well, since the continuous fuel supply of the power plant requires agricultural partners for whom the long-term contracts offered by the power plant promise predictable and secure income.