MVM trade unit signs purchase agreement with coal-fueled power plant
MVM Partner, which is the trade unit of the state-owned Hungarian Electricity Works (MVM), signed an agreement to purchase power generated by a 100MW block at the country's largest coal-fueled power plant, Hungarian news agency MTI reported today.
The contract with power plant company Mátrai Erőmű will be in effect from 2016-2017. MVM Partner said that the agreement is expected to contribute to the implementation of MVM's electricity trade strategy, and that it supports a reduction in Hungary's electricity imports.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.