Hungarian geothermal developer and operator PannErgy Nyrt. has announced that the company has been awarded a grant of HUF 994,364,4090 (approx. USD 2.84 million) for the drilling of a third production well for the Miskolc geothermal power project.
The grant was awarded by the Ministry for Technology and Industry following a call for applications entitled “Grants for the activities of geothermal-based heat generation projects” within the framework of the Climate and Environmental Protection Action Plan. An application was then submitted by KUALA Kft., a subsidiary of the PannErgy Group. The application was made in November 2022.
The Miskolc geothermal heating plant started operations in 2013, with a second phase added by late 2014. It supplies heat to the city of Miskolc as well as to industrial and agricultural customers. It currently has a capacity of 45 MWth and operates from 2 production wells.
With funding secured, the company has announced that the drilling of the third production well will proceed and that it is scheduled to be integrated into the current system by September 2024.
Source : thinkgeoenergy