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ENERGY DEVELOPMENT

Sector: Manufacturing (Industrial) • Location: Hungary

Source: World Bank Group

Project
Closed

The objectives of the Energy Development and Conservation Project are to support: (i) improvements in the policy and institutional framework of the energy sector; (ii) development of the oil and gas sector; and (iii) preparation of an updated energy conservation program. The project is composed of two loans. First, a loan to the Hungarian National Oil and Gas Trust (OKGT) to finance the direct con

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The project “ENERGY DEVELOPMENT” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Hungary. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

closed

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Description

Description

The objectives of the Energy Development and Conservation Project are to support: (i) improvements in the policy and institutional framework of the energy sector; (ii) development of the oil and gas sector; and (iii) preparation of an updated energy conservation program. The project is composed of two loans. First, a loan to the Hungarian National Oil and Gas Trust (OKGT) to finance the direct convertible currency component of investment subprojects for oil and gas field development, upgrading and enhanced recovery, underground gas storage, pipeline expansion and modernization. Also, the loan will finance exploration and production equipment and technical assistance. The seond loan is to the National Bank of Hungary (NBH) to finance energy conservation subprojects through participating commercial banks in continuation of the ongoing lines of credit for this purpose.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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