OMV and Verbund to build Austria's largest solar plant

VIENNA (Reuters) - Austria's oil and gas group OMV and utility Verbund have agreed to jointly build a solar plant that will have the capacity to supply 5,500 households with electricity, the companies said on Monday.

Austria's largest photovoltaic plant, which will deliver around 18 Gigawatt Hours (GWh) of power, is due to start operations in the fourth quarter of 2020 and will result in annual savings of around 12,000 tonnes of CO2 per year, the companies said in a joint statement.

The companies plan to invest 5 to 6 million euros (5.36 - 4.46 million pounds) in the solar plant respectively, Verbund Chief Executive Wolfgang Anzengruber said at a news conference.

(Reporting by Kirsti Knolle; Editing by Michelle Martin)