MVM Partner to supply power to troubled MAL

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MVM Partner, a unit of the state-owned Hungarian Electricity Works (MVM), will supply troubled alumina maker MAL with power from February 1, the National Development Ministry said on Thursday. "In the interest of the national economy and the protection of the environment, the government will ensure MAL continuous supply of electricity by means of MVM Partner," the ministry said. "The sides will continue negotiations on financial guarantees offered by [MAL] as well as on maintaining its ability to operate," it added.

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