Hungary's state-owned electricity grid operator Mavir Zrt completed on Thursday a Ft 14 billion high-voltage power line between the cities of Győr and Szombathely in western Hungary.
The completion of the 400kV, 89.9-kilometer line will help Mavir achieve its mid-term goal of doubling its market value before its shares are listed on the Budapest Stock Exchange (BÉT), said István Kocsis, CEO of the Hungarian Electricity Works (MVM) Zrt, which owns Mavir.
Mavir CEO Antal Tombor noted that the project had been the company's largest in several years. The new line will secure service in the west of Hungary and boost cross-border capacity in the north of the country by 400MW to 1,400 MW. The new line should also reduce network losses, he added. The project was finished well before the March 31, 2007 deadline, and its costs remained under the Ft 15 billion spending cap.
Two MVM units, contractor OVIT Zrt and engineering company ERBE Kft, participated in the project together with designer ETV-Erőterv Zrt and suppliers Ganz Transelektro Zrt and Furukawa Kft.