OMV will start building a network of 28 ultra-fast electric car charging stations on the country’s high-traffic routes by the end of the year, the company announced on Thursday. The development will cost EUR 2.1 million.
The investment is part of a large project co-financed by OMV and the European Union to contribute to the development of a regional network for ultra-fast charging of electric cars by installing more than 400 charging points.
In Hungary, 28 ultra-fast charging points, each with a capacity of at least 150 kilowatts (kW), will be installed in seven locations. The units will have a maximum charging capacity of up to 300 kW and will be able to charge a vehicle up to a range of 200 kilometers in about 10-15 minutes, depending on the capacity of the car. The European Union is providing EUR 1.05 million in funding for the seven sites in Hungary, and the installation of the stations will be completed by the end of 2025.
The large project in Eastern and Central Europe is being implemented by a consortium of three companies: OMV Petrom Marketing SRL (OPM RO), OMV Hungária Ásványolaj Kft. (OMV HU), and OMV Slovensko SRO (OMV SK).
OMV Petrom Marketing is the coordinator of the project and aims to install 328 ultra-fast filling points in Romania, 11 in Slovakia, and seven in Hungary by the end of 2025.
The total investment is estimated at EUR 39 million, of which around EUR 15 million will be provided by the European Union through the Connecting Europe Facility, almost EUR five million from bank loans and the remainder from private resources.
OMV entered the Hungarian market in 1990. Budapest-based OMV Hungária Kft. operates 201 service stations and has a 15 percent market share in Hungary. OMV Hungária employs nearly 60 people directly and its network of service stations employs approximately 1,700 people. OMV generated revenues of EUR 62 billion in 2022 and employs around 22,300 people worldwide.
Source: Hungary Today