MVM in talks to acquire new power plant – Hungary, 16 September 2016

CEO od state-owned Hungarian Electricity Works (MVM), Peter Csiba said in an interview that the company is in talks to purchase Csepel power plant, one of the most advanced gas-fired power plants in the country, adding that it may also increase its stake in Matra power plant and plans to implement several renewables projects.
Csiba explained that the planned increase of MVM’s stake from 25 % to 49 % in Matra power plant has stalled since the company failed to reach an agreement with RWE on the matter, but expressed hope that the two sides will be able to strike a deal shortly. He also said that the viability of the plan to build another coal-fired unit at Matra power plant will be determined by future market circumstances.

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