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Péter Simon

Partner
Head of Energy, Projects and Construction

Portrait of Péter Simon

Péter Simon

Partner
Head of Energy, Projects and Construction

Contact
CMS Cameron McKenna Nabarro Olswang LLP Magyarországi Fióktelepe
YBL Palace
Károlyi utca 12
1053 Budapest
Hungary
Languages English, Hungarian

Péter Simon is a partner at CMS Budapest where he heads the Energy, Projects and Construction Practice.

He has worked on numerous energy, infrastructure, industrial and other construction projects (e.g. the development and acquisition of power plants, petrochemical manufacturing units, international gas transmission pipelines).

Péter negotiates long-term electricity, gas and heat supply and off-take agreements. He has been working on several projects, including advising on the development of the strategic storage of natural gas in Hungary.

He advises major, global energy companies on acquisition and development of both conventional and renewable energy projects. 

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"Very reliable partners throughout our projects in Hungary."

Legal 500, 2022

"He is someone I value a lot."

Chambers Europe 2022

"Very reliable partners throughout our projects in Hungary."

Legal 500, 2022

"He is someone I value a lot."

Chambers Europe 2022

Relevant experience

  • Budapesti Power Plant on the development of two separate CCGT power plants (the installed capacity of 110 MW each) and on all of its day-to-day issues. In addition to that the team was involved in the work of upgrading the existing generation facilities.
  • DÉMÁSZ, a Hungarian electricity distribution system operator (subsidiary of EDF) on energy regulatory and general commercial matters on a day-to-day basis. Representation of the client in the judicial supervision of the resolution of the competent authority on network usage fees.
  • Pannonpower Ltd. (subsidiary of Veolia):
    • on a litigation case against the EU Commission relating to the termination of Hungarian long term power purchase agreements.
    • on the construction of a new bio (chopped wood) fuelled power plant in the city of Pécs (turnkey EPC contract, long-term wood supply contracts, etc) and in connection with the financing of the project; and on project finance agreement related security documents.
    • on the construction of a new municipal gas fired district heating plant in the city of Szekszárd (turnkey EPC contract, long term gas and heat supply agreements, etc) and in connection with the financing of the project.
  • TVK (subsidiary of MOL):
    • in relation to the renegotiation of the long term gas supply contract of TVK Power Plant.
    • on the development of a butadiene producing project in Hungary.
  • MOL Nyrt. (MSZKSZ), the company designated by law for the safety stockpiling of natural gas with respect to the construction, operation and financing of an underground natural gas reservoir of 1,9 bn cubic meter capacity, the biggest of its kind in the CEE.
  • FGSZ, the Hungarian gas transmission system operator:
    • on the development of the Hungarian-Romanian high pressure, cross-border gas interconnection pipeline.
    • on the development of the Hungarian-Croatian high pressure, cross-border gas interconnection pipeline.
  • Iberdrola:
    • on all aspects of the acquisition of Vento Kft. the licensee of various wind park projects in Nagyigmánd and Ikervár in Hungary, the acquisition of Mistral Kft. the licensee of various wind park projects in Kisigmánd, Nagyigmánd and Ács in Hungary and the acquisition of Kaptár Kft. the licensee of a wind park in Kisigmánd. Advised on all aspects of the development and operation of about 170 MW wind generation capacity of these licensee companies.
  • on the EBRD acquisition of 25% of shares in Iberdrola Hungary.
  • Raiffeisen Energy:
    • on the acquisition of 100% of the shares in Hungarowind Kft. the licensee company of the Sopronkövesd-Nagylózs wind power project. We advised on the development of about 25 MW wind capacity. Later on we advised on the sale of Hungarowind Kft. to MVM Zrt., a Hungarian electricity holding company.
    • on the acquisition of Clean Energy Kft., W.P.S.S., Eurogreen Energy, licensees of a wind park project and on the development of about 10 MW wind capacity.
  • Magyar Telekom (a subsidiary of Deutsche Telekom) on setting up of its pioneer energy trading activity in Hungary (including electricity and gas trading), full scope licensing and provision of all required documents for operation.
  • Siemens / Advanced Power AG on the preparatory phase of the development of the planned new 800 MW CCGT power plant in Szeged.
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Memberships & Roles

  • Member, Budapest Bar Association
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Education

  • 1993 - Doctor of Law, Eötvös Lóránd University, Budapest
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Expertise

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11/2021
Ad­vising the Board on En­vir­on­ment­al Law Risk in CEE
Dir­ect­ors’ risk re­port En­vir­on­ment­al law is firmly and un­doubtedly a board-level is­sue and all busi­nesses need to fo­cus on how it im­pacts their activ­it­ies. En­vir­on­ment­al au­thor­it­ies ex­pect dir­ect­ors...
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30/07/2021
Plastics and pack­aging laws in Hun­gary
1. What is the gen­er­al le­gis­lat­ive frame­work reg­u­lat­ing pack­aging and plastic waste in your jur­is­dic­tion? Pack­aging and plastics waste are primar­ily reg­u­lated by the fol­low­ing texts: lower-ro­man­Act...
Expert Guide ESG
Comparable
15/06/2021
Hun­gary re­stricts qual­ity ag­ri­cul­tur­al land for sol­ar power plants
Hun­gary has an­nounced changes to cer­tain rules of the Land Pro­tec­tion Act, which took ef­fect on 5 June 2021. The most im­port­ant change is that sol­ar power plants with nom­in­al ca­pa­city of more than 0.5...
Law-Now Energy & Climate Change
31/03/2021
Sol­ar power plant pro­jects
Dur­ing this we­bin­ar we will dis­cuss top­ics in­clud­ing the “gold rush” in the en­ergy sec­tor, the prin­ciples of Hun­gari­an reg­u­la­tion, the ba­sic fea­tures of the KÁT sys­tem, the ba­sic fea­tures of the...
Event Webinar
18/12/2020
Re­new­able en­ergy law and reg­u­la­tion in Hun­gary
1. Brief over­view of the re­new­ables sec­tor  Elec­tri­city gen­er­a­tion from re­new­able sources is a de­vel­op­ing sec­tor in Hun­gary. Ac­cord­ing to the pre­lim­in­ary data, in 2018 the share of re­new­ables in fi­nal...
Expert Guide Energy & Climate Change
01/09/2020
CMS in Hun­gary
Like the rest of the world, Hun­gary has been af­fected by the glob­al Cov­id-19 pan­dem­ic. The coun­try has ex­per­i­enced strong growth over the last dec­ade, with the auto and elec­tron­ics sec­tors be­ing par­tic­u­larly...
Brochures
17/07/2020
Hun­gary launches new METAR tender to grant green premi­um sub­sidies for...
On 15 Ju­ly 2020, the Hun­gari­an En­ergy and Pub­lic Util­ity Reg­u­lat­ory Au­thor­ity (HE­PURA) launched the second METAR Tender to sup­port elec­tric­al en­ergy pro­duced from re­new­able sources. Ori­gin­ally in­tro­duced...
Law-Now Energy & Climate Change
15/07/2020
Hun­gary's par­lia­ment ad­opts elec­tri­city act amend­ment al­low­ing ex­ten­sion...
On 3 Ju­ly 2020, the Hun­gari­an par­lia­ment ad­op­ted an amend­ment to Act LXXXVI on elec­tri­city. Fur­ther to the state of emer­gency an­nounced by the Gov­ern­ment and sur­round­ing COV­ID-19, the amend­ment au­thor­ises...
Law-Now Energy & Climate Change
04/09/2019
Hun­gary launches long-awaited green premi­um 'METÁR' tender
On 2 Septem­ber 2019, Hun­gary launched the first pi­lot tender for the METÁR sys­tem, which sup­ports elec­tric en­ergy pro­duced from re­new­able sources.  Ori­gin­ally in­tro­duced two years ago (1 Janu­ary 2017)...
Law-Now TMT - Technology, Media & Telecommunications
25/04/2017
Break­fast Sem­in­ar: New Hun­gari­an reg­u­la­tion of re­new­able en­ergy
CMS Bud­apest is pleased to an­nounce their forth­com­ing closed present­a­tion of the CMS Bud­apest Break­fast Sem­in­ar Series on the new Hun­gari­an reg­u­la­tion of METAR, with par­tic­u­lar em­phas­is on the be­low areas:Hun­gary’s...
Event Legal
18/10/2013
CMS Min­ing group
CMS ad­vises min­ing com­pan­ies in many parts of the world. Our firm’s work en­ables us to com­bine tech­nic­al know­ledge with an un­der­stand­ing of the chal­lenges and is­sues fa­cing the sec­tor. This, coupled...
Brochures