Tag: MVM

MVM Group signed corporate financing agreement with ICBC Austria – Hungary, 14 October 2022

Hungarian MVM Group has signed a corporate financing agreement worth 250 million euros with ICBC Austria in order to ensure its financial stability. The statement from the group said that it would do everything possible to ensure security of supply during the ongoing energy crisis and unpredictab Full article available for subscribers of Energy NEWS […]

MVM launched the construction of 24 MW solar power plant – Hungary, 05 October 2022

The renewables arm of Hungarian state-owned energy company MVM – MVM Zold Generacio has launched the construction of a 24 MW solar power plant in Szeged, a project worth some 22.5 million euros. The project will partially financed by EU and state funds, which will contribute 8.5 million euros to Full article available for subscribers […]

MVM’s payments to Gazprom to be deferred – Hungary, 03 October 2022

Hungarian state-owned energy company MVM announced that it has reached an agreement with Russian gas company Gazprom to defer its payments for the winter season. The statement from MVM said that payments for gas purchases will be deferred if prices exceed a certain threshold value, allowing MVM t Full article available for subscribers of Energy […]