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Energy industry

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Solar park investors day

Feb 7, 2019

A professional day for solar park investors is organized this February in Budapest. The event sets the goal of helping solar investors to navigate the Hungarian solar market and to highlight which areas of the solar power plant deserve special attention.

E.ON solark park in Szigetvár |

E.ON connects own solar parks to national grid

Aug 29, 2018

Utility services provider E.ON Hungária Co. Ltd. has announced that it has connected to the grid its own solar plants in Hungary: the seven 500-kW units built in Szigetvár and the 500 kW solar park constructed in Mohács, both in the southern part of the country.


MVM to build Hungary's largest solar power plant

Mar 6, 2018

The town of Felsõzsolca in northeastern Hungary has accepted the proposal of state-owned Hungarian Electricity Works (MVM), which envisages the construction of the largest solar power plant in the country, with installed capacity of 20 MW.

GE Veresegyház plant | General Electric

GE doubles the value of its procurement in CEE

Oct 5, 2017

General Electric aims to double the volume of the products and services bought from Central-Eastern European SMEs, including Hungarian enterprises. The firm has approximately 6.000 suppliers in the region and its procurement value exceeds USD 1.7 billion.

Coal power station to set up solar panel farm

Aug 21, 2017

Mártrai Erõmû, the second largest power plant in Hungary, will implement the country's largest solar farm with a capacity of 3×20 MegaWatts, according to the Hungarian political daily Népszava. Two of the three units will be completed in 2018.

ALTEO’s wind power plant in the outskirts of Jánossomorja | source: ALTEO

New ALTEO projects in the pipeline

Aug 3, 2017

The Hungarian energy services firm ALTEO could launch new projects in a total value of close to HUF ten billion (some EUR 32 million): three power plants utilizing a total of 18.1 MW of solar power, and a 2 MW wind power plant.

President and CEO of Siemens Co. Ltd. Dale A. Martin speaking at the ceremony | Zoltán Máthé/MTI

New Siemens turbine blade plant expansion

Jun 21, 2017

Siemens expanding its gas and steam turbine blade plant at its Power and Gas plant facility in Budapest with an investment of EUR 32.5 million (some HUF 10 billion). The expansion is planned to create 150 new jobs for technicians.

Work at GE Power and Water in Verseegyház

GE Veresegyház plant increases efficiency

Jun 14, 2017

General Electric is on its way to transform from a traditional industrial company (manufacturing machines and equipment) to a digital industrial company. Its Veresegyház factory enhances its production efficiency using its own digital technologies.

Biomass power plant foundation stone laying ceremony in Szabadegyháza | souece:

New biomass power plant to be built in Hungary

Mar 31, 2017

The foundation stone for Hungrana Ltd.’s latest biomass power plant has been laid in Szabadegyháza, this Friday. Hungrana’s existing biomass power plant burns 60,000 tons of hay and 12-15,000 tons of sunflower husk pellets annually.


European loan to Hungary's MVM

Dec 18, 2014

The European Investment Bank (EIB) is lending EUR 100 million to state-owned MVM Hungarian Electricity Ltd to finance the implementation of its investment program for the period 2013-2018. The EIB loan will facilitate development projects.

| MTI/Prime Minister's Office/Barna Burger

Hungarian PM signs nuclear deal in Moscow

Jan 14, 2014

Russia will lend up to EUR 10 billion to Hungary to help build two new units at the Paks nuclear power plant. This was announced after President Vladimir Putin agreed on a co-operation deal with visiting Hungarian Prime Minister Viktor Orbán.


MVM doubles revenue in three years

Jan 8, 2014

The state-owned Hungarian Electricity Works (MVM) plans further rapid expansion after quick growth in recent years, more than doubling its revenue this year from 2010, the Chief Executive Officer of the company Csaba Baji told a press conference.

| D&T Archive

Hungary buys back minority stake in Fõgáz

Dec 18, 2013

The Hungarian state struck a deal on buying out Germany utility RWE’s share in Fõgáz, the capital city’s gas distributor. The buyer is the Hungarian Electricity Works (MVM) and the subject of the transaction is RWE’s 49.83% stake in Fõgáz.


MOL open share sale to Croatian government

Oct 4, 2013

Hungarian oil and gas company MOL says that if the company decides to sell its shares in its Croatian subsidiaryINA , it will consult with the Croatian government as a potential buyer. The issue is raised as MOL's CEO is wanted in Croatia for questioning.


E.ON companies sold to Hungarian state firm

Oct 2, 2013

E.ON has concluded an agreement to sell its 100% stakes in E.ON Földgáz Trade and E.ON Földgáz Storage to MVM Hungarian Electricity Ltd. The purchase price for both companies, including the assumption of debt, is around €870 million.

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