mvm - Diplomacy & Trade https://dteurope.com Monthly in print | Daily on the web Mon, 29 Jun 2026 14:04:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://dteurope.com/wp-content/uploads/cropped-dt_favicon-32x32.png mvm - Diplomacy & Trade https://dteurope.com 32 32 MVM Inaugurates 57 MWh Battery Storage Investment https://dteurope.com/energy/mvm-inaugurates-57-mwh-battery-storage-investment/ Mon, 29 Jun 2026 14:03:45 +0000 https://dteurope.com/?p=80476 State-owned energy company MVM inaugurated a HUF 10.4 billion, 57MWh battery energy storage unit at a gas-turbine power plant in Ajka (W Hungary) on Monday, MTI reports. The investment was supported by HUF 3.8 billion in grant money from the European Union. MVM CEO Karoly Matrai said heatwaves like the present one point to the […]

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]]> MVM Inaugurates 31MW/62MWh Battery Storage Investment https://dteurope.com/energy/mvm-inaugurates-31mw-62mwh-battery-storage-investment/ Sat, 27 Jun 2026 07:44:00 +0000 https://dteurope.com/?p=80436 MVM Tisza Erőmű, a unit of state-owned energy company MVM Group, inaugurated a 31MW/62MWh battery storage investment in Tiszaújváros (E Hungary), MTI reports. The investment was supported by HUF 4 billion in grant money from the European Union. MVM CEO Károly Mátrai said the investment is part of MVM's long-term development strategy, which aims to […]

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]]> HUF 55 Bn of Grid Upgrades by MVM Electricity Distributors https://dteurope.com/energy/huf-55-bn-of-grid-upgrades-by-mvm-electricity-distributors/ Mon, 15 Jun 2026 11:44:00 +0000 https://dteurope.com/?p=80279 MVM Démász and MVM Émász, regional electricity distributors of state-owned energy group MVM, have completed HUF 55 billion of grid upgrades, the companies said on Monday. Half of the investment cost was covered by state funding and the European Union's Recovery and Resilience Facility (RRF). MVM Démász, the distributor for the south of the country, […]

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]]> MVM Signs Deal to Buy LNG from Chevron https://dteurope.com/energy/mvm-signs-deal-to-buy-lng-from-chevron/ Tue, 16 Dec 2025 15:47:00 +0000 https://dteurope.com/?p=76996 Hungary's state-owned energy company MVM has signed a five-year agreement to buy 2 billion cubic meters of liquid natural gas (LNG) from Chevron. The deal was announced in Budapest on Tuesday. Chevron would deliver an annual 400 million cubic meters of LNG to MVM under the contract and thus, the United States LNG would become […]

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]]> MVM Signs EUR 1.2 Bn Loan Contract for Power Plant https://dteurope.com/business/mvm-signs-eur-1-2-bn-loan-contract-for-power-plant/ Fri, 05 Dec 2025 13:27:00 +0000 https://dteurope.com/?p=76737 A contract for a EUR 1.2 billion syndicated loan for the construction of a 1,000 MW combined cycle gas turbine power plant in Tiszaújvaros (NE Hungary) has been signed, state-owned energy group MVM said on Friday. MVM said the syndicated loan is provided by 11 banks on favorable terms. The loan is covered by the […]

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]]> Masterplast Sells Certified Energy Savings to MVM https://dteurope.com/business/masterplast-sells-certified-energy-savings-to-mvm/ Fri, 19 Sep 2025 17:45:00 +0000 https://dteurope.com/?p=75300 Masterplast Plc. has informed investors on the website of the Budapest Stock Exchange that its subsidiary, Masterplast Hungária Ltd. concluded a contract on September 19 with the energy trade firm MVM Next Energiakereskedelmi Plc. with a term of more than 10 years on "the transfer of certified energy savings under a framework agreement”. Under the […]

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]]> MVM Drills 10th Well in Eastern Hungarian Gas Field https://dteurope.com/energy/mvm-drills-10th-well-in-eastern-hungarian-gas-field/ Wed, 11 Sep 2024 18:27:00 +0000 https://dteurope.com/?p=71150 The energy company MVM is drilling its tenth well in the gas fields of Eastern Hungary, the Ministry of Energy (EM) said on its Facebook page on Wednesday. The ministry explained that the drilling of the fourth new well in the Sarkad area of Békés County was recently completed and is currently being tested. The […]

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]]> MVM Buys Huge Solar Power Plant in Tázlár https://dteurope.com/energy/mvm-buys-huge-solar-power-plant-in-tazlar/ Wed, 20 Dec 2023 15:35:00 +0000 https://dteurope.com/?p=69107 Under an agreement signed this Wednesday, MVM Green Generation Ltd. will acquire the 63 MWp Tázlár solar power plant in S Hungary, according to a statement issued by the MVM Group. The transaction is expected to close in the first quarter of 2024. The announcement comes just after the publication in Thursday night's OFFICIAL Hungarian […]

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