Renewable Energy Banking, Finance, Insurance and Securities (BFIS) Services Environment and Pollution

Life North Trans Tender

πŸ›οΈ MINISTRY FOR INNOVATION AND TECHNOLOGY
πŸ“„ Tender ID: 460786721 πŸ“… Published: 11 Mar 2021

πŸ“‹ Tender Overview

Duration 01-SEP-2020 to 31-OCT -2029Total budget 14878324.00 EU contribution 8926994.00 Project descriptionBackgroundThe National Energy and Climate Plan NECP is a key strategic document in the climate and energy policy of Hungary adopted on 8 January 2020 by the Government. It has five priority dimensions decarbonisation energy efficiency energy security internal energy market and research innovation and competitiveness. Key objectives of the NECP include reduction of greenhouse gas GHG emissions of Hungary by 40 by 2030 compared to 1990 levels reduction in the share of the energy sector in Hungarian GHG emissions from 70 to 17 increase in the share of renewables up to 20 for national electricity consumption phase-out of lignite-fired units and decarbonisation of Mtra Power Plant reducing import dependency in the electricity sector through the diversification of import sources expansion of renewable energy technologies and maintaining nuclear capacities increasing investments in energy storage and maximising the economic development potential of energy innovation for climate action.Mtra Power Plant MPP is the second largest power plant in the Hungarian electricity production system. It accounts for nearly 50 of the total energy sector GHG emissions. The above strategic priorities of the NECP cannot be achieved without the gradual phase-out of the lignite-fired units of the MPP.ObjectivesThe overall objective of the LIFE-IP North-HU-Trans project is to catalyse the full implementation of the National Energy and Climate Plan NECP and reduce the GHG emissions of the Hungarian electricity production system by nearly 50 equal to the 14 share of total CO2. In particular the project will contribute to the decarbonisation of the Mtra Power Plant MPP the last remaining lignite power plant in the Hungarian electricity system and a major source of GHG emissions by 2030. The project aims to mitigate the potential negative socio-economic energy and environmental consequences of the lignite phase-out specifically in northern Hungary.Specific objectives Roadmap and implementation of the gradual phase-out of the lignite-fired units of the MPP and the gradual retirement of its open-pit lignite mines by 2030. Reduction of the total GHG emission of Hungary by 14 approximately 6.5 million tons of CO2 annually Replacing all the existing lignite-fired power generation units of the Hungarian electricity production system which are currently operating in the MPP with low-carbon technology solutions primarily with renewable energy and energy storage and secondarily with natural gas technologies. The project will catalyse the replacement of 884 MW of lignite-fired capacity by developing testing and evaluating innovative prototypes and the preparation for large low-carbon energy generation technologies to support the expansion of renewable energy technologies Developin

πŸ” Key Information

πŸ“„
Tender Reference No.
460786721
πŸ“…
Publication Date
11 Mar 2021
πŸ’°
Estimated Value
USD 17745171
🌐
Sector
Renewable Energy
πŸ“…
Deadline
31 Oct 2029
πŸ“
Notice Type
Projects
πŸ“
Location
Hungary
πŸ“‘
Contract Duration
8 Years 7 Months 20 Days

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🧭 Quick Facts

Authority MINISTRY FOR INNOVATION AND TECHNOLOGY
Country Hungary
State / UT N/A
Tender Type Project Information
Currency USD
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