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MÁV to save HUF 5 billion on electricity procurement in 2010

State-owned railway company MÁV is to save more than HUF 5 billion next year on electricity purchases thanks to the timing of the public procurement procedure, the company told MTI.

MÁV's board approved in November the winning offers submitted to its power supply tenders for 2010 and the company recently signed the contracts with the two winners, Magyar Áramszolgáltató and E.ON Energiaszolgáltató.

The MÁV group is to spend HUF 21 billion on electricity in 2010 compared to HUF 26 billion in 2009.

MÁV has been purchasing electricity on the deregulated market since 2005. (MTI-Econews)