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MVM in push to boost EBITDA to HUF 170 bln in 2013

State-owned power wholesaler MVM aims to boost efficiency and expand its role in the region, raising consolidated EBITDA to HUF 147-170 billion in 2013 and to HUF 250 billion in 2020 from HUF 93.5 billion last year, government and company officials said on Tuesday, presenting the company's 2011-2013 strategy.

The strategy is in line with Hungary's National Energy Strategy, which is soon to be approved, said National Development Minister Tamás Fellegi.

The government will decide in the autumn on an expansion of the Paks nuclear power plant, a unit of MVM, he said. In the government's view Hungary is not in the position to exclude nuclear energy from the electricity grid, he added.