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About Us

Porció Ltd.

Engineering and consultancy

Porció Ltd. is basically a consulting and engineering firm acting in the field of the utilization of thermal waters and geothermal resources. We prepare feasibility studies, plans for implementation, water and environmental licensing documents or any other type of materials applying for various permissions form authorities and, if needed, applications for loans and non-refundable financial sources. Our company is fully qualified to ensure both projects management and technical supervision of geothermal investments.

Main contracting and implementation

Porció Ltd. is a company implementing, as a turnkey contractor, deep and shallow geothermal heating systems and offering related services, which more often require special experience and knowledge since geothermal resources usually have very different nature, such as project development, management and consultancy. Our subcontractors whom we have been working with for long are highly qualified and tried partners.

Investments in geothermal

Porció Ltd. is a company acting as a professional investor in the utilization of geothermal energy sources. We contributed, at our own risk, to the implementation of geothermal heating systems in Szeged and Szarvas. Our company can hence provide energy by long term contracts to its consumers at a lower price than that of the fossil fuel used earlier. The company intends to execute other similar systems in the future.

Responsibility towards geothermal

Staff of Porció Ltd. contributed, as founding members, to establishment of the Hungarian Geothermal Association (HGA), the first and the most significant civil organization in geothermal sector in Hungary. József Paizs acted as the Financial Manager of the Association for long and Gábor Szita has been its President since he was elected first in 2003. Mr. Szita is a current member of the Board of Directors of the International Geothermal Association (IGA) and Porció Ltd. has been the member of the European Geothermal Association (EGEC) since 2000.

History

Porció Ltd  for Technical Development and Ventures was founded in 1991 by 4 mechanical engineers, i.e. Mr. Lajos Csontos, Mr. Zsolt Mihály, Mr. József Paizs and Mr. Gábor Szita. They got to know each other still in the second half of the 80’s at Geothermal Co-operative, while they had been working together in an ambitious geothermal energy program, and set up thermal based building heated systems in the town of Szentes, Hódmezővásárhely, Csongrád, Makó, Szarvas, Kapuvár, Mosonmagyaróvár and Nagyatád. Most of these projects are still operating, typically in a renovated and expanded form.

Like a number of other companies, Geotherm Co-operative was swept away by the political and economic changes.

At the beginning of the 1990’s, since there was no need for consultancy nor for engineering, the newly-formed Porció Ltd. started to work as a professional investor in the geothermal sector. The first equipment we put into operation was in Szeged at the Szent-Györgyi Albert Medical University. In 1993 a similar agreement was concluded with the Municipality of Szarvas.

In 1994 Zsolt Mihály one of the co-founders of Porció Ltd., left the company, because he was entirely busy with his own firm previously launched.

One of our most outstanding projects was carried out in 1994-95 in the town of Szeged (SE-Hungary), which was financed by the so PHARE Environmental Aid  Program from the EU. The total cost of the project amounted to 1,1 million ECU. For the first time in Hungary a fully automated pilot geothermal system was settled based on a doublet of two deviated wells, where the geothermal water exploited from the ground and cooled down by extracting the heat from it for district heating purposes was 100% reinjected back into the aquifer.

Porció Ldt. contributed as a sub-contractor of KRETE Ltd. (Iceland) to elaborate pre-feasibility studies for the MOL (Hungarian Oil and Gas Company) Geothermal Division in 1996. Our tasks were to prepare technical proposals and economic assessment for, among others, generating electricity by medium enthalpy (~150°C) geothermal resources, cooing by sorption chiller plants, artificial lifting from high temperature deep wells, treatment of high TDS and high GWR geothermal fluids.

 

After Hungary joined the European Union in 2004 the interest for using renewable energy resources has been increasing, while financial support from EU budget resulted – temporary – prosperity of geothermal projects. These years, between 2005 and 2013 we received a string of orders to prepare feasibility studies and applications and, almost without exception, were succeeded: our clients got the supports.

There has been more than three decades of experience accumulated within Porció Ltd. in the field of the use of geothermal energy.

Our workload was gradually increasing when, in 2009, Mr. Lajos Csontos died tragically. We took on new staff formed by entrants from universities, who have so far demonstrated their aptitude and persistence when successfully implementing some new geothermal projects. Unfortunately, Mr. József Paizs passed away in 2015, thus Mr. Gábor Szita become the only shareholder of the company. In spite of that, he is not the sole depositary of the continuity neither of the Porció Ltd. nor the Hungarian geothermal utilization.

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