The companies said that the contract is for the full-scale renovation of the steam turbines at block IV and V of the plant.

Mátrai Erőmű is Hungary’s largest lignite-based power plant with a built-in capacity of 950MW, and a capacity to produce 21% of the country’s energy output. The power plant is 50.9% owned by Germany’s RWE, 21.7% by German peer ENBW, while state-owned energy group MVM holds 25.5% of the shares.