MVM to invest Ft 18 billion in network development
Monday, May 30, 2005, 00:00
The Hungarian Electricity Works (MVM) Rt will invest Ft 18 billion in network development this year with the aim of becoming fully compliant with EU regulations on transmission lines by 2012, broadsheet Népszava reported. MVM?s safety of supply and cross-border capacities are to be increased as well. The largest project currently underway is the network connection between Győr and Szombathely, a project worth approximately Ft 15 billion in total. As part of the project, MVM is going to build a 90-km, 400-kV line, which will serve as a base for building the international connection between Szombathely and Graz. Further plans include establishing a second network connection to both Croatia and Romania, and two links to Slovakia in addition to the existing two, according to the newspaper.