Are you sure?

MÁV signs Ft 5 bln contract with E.ON

Hungarian railway company MÁV Rt has picked E.ON to supply electricity to thirteen switching yards, MÁV said yesterday. The contract is worth Ft 5 billion a year, Ft 800 million less than MÁV previously paid, according to the announcement. Business daily Világgazdaság reported on Wednesday that 40% of the power supplied under the contract will be purchased on the deregulated market. The savings bring MÁV closer to meeting its target of Ft 1.5 billion fewer expenditures, Világgazdaság reported. (Econews)