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30. Jul 2008 | Enex, MOL and Green Rock establish CEGE
Enex, along with the Hungarian oil and gas company MOL and Australian company Green Rock Energy International have established a new company called Central European Geothermal Energy Ltd. (CEGE). The three founders have an equal one-third share in CEGE.
CEGE's mission is to become the market leader in geothermal energy in Hungary through the co-operation of the three companies. The new company will implement geothermal exploration in Hungary and on a regional level. The main role of CEGE is the exploration, evaluation, development, and operation of geothermal energy systems in Hungary with special emphasis on generation of electricity from geothermal energy as a potential and targeted outcome of each Geothermal Energy Project. SPCs will be formed to execute each of the feasible projects.
MOL, the Hungarian Oil & Gas Company, owns information from their abandoned wells all over Hungary. Existing wells and seismic studies have been used to select the sites through extensive studies made by the consortium. The newly funded company now intends to research the selected areas and determine their feasibility. A couple of promising areas are being evaluated, one located in Zala County and the others in Fábiánsebestyén area, including the areas towards Nagyszenas. The partners decided to set up a project group, including a Joint Technical team consisting of Geothermal experts from each party. The set up is for identification and establishment of the first geothermal power plant in Hungary.
Pictured above from left; Attila Holoda and Lajos Alacs from MOL, Christian Rigollet from Enex, Adrian Larking and Alan Knights from Green Rock Energy International.
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