| Abstract |
Hungary has some significant low-enthalpy geothermal resources. The success of geothermal development in Hungary is related to three market factors: the price of hydrocarbons, the countryís accession to the European Union (EU), and the existence of private investment. However, due to the low cost of fossil fuels, especially natural gas, only the best geothermal resources are commercially competitive based on strict financial criteria. Commercial viability of power generation projects may be increased through the use of cascading. |