Official: Contract signed for the development of the new block at Mátra Power Plant
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The contract for the development of a new combined cycle gas turbine block at Mátra Power Plant has been signed, allowing the detailed design and preparation of construction work to begin in Visonta for the large-scale power plant using innovative technologies, Hungarian energy giant MVM reported on Tuesday.
Representatives of MVM Mátra Energia Plc., part of the MVM Group, signed the contract on the client side. On behalf of the three-member consortium that previously won the public procurement procedure for the construction of the new power plant and long-term maintenance of the gas turbine, the document was authenticated by executives from Status KPRIA Plc. (part of the Mészáros Group), West Hungária Bau Ltd. (100% Hungarian-owned, part of WHB Group), and Elsewedy Power System Projects (part of Elsewedy Electric, one of Egypt’s leading industrial and energy conglomerates).
MVM’s statement
According to the statement, Energy Minister Csaba Lantos emphasised that the Hungarian state supports historically significant developments in the domestic energy sector and is committed to green and sustainable solutions. The minister called the signing of the contract extremely good news, as it has been about a decade and a half since a base-load power plant was last commissioned in Hungary.
The construction of the new power plant is a crucial step for domestic energy policy, as it simultaneously contributes to strengthening Hungary’s energy independence, enhancing security of supply, and achieving climate goals. The new facility will play an important role in balancing renewable electricity production, thus realising a successful energy transition, said the minister.
The statement quotes Lőrinc Mészáros, owner of the Mészáros Group, who said that the large-scale development contributes to making Hungary’s energy supply even safer, more predictable, and as environmentally efficient as possible. The new power plant will use the most advanced high-efficiency technologies during its operation. Moreover, it will be capable of utilising green hydrogen, thus carbon dioxide-free fuel, on a large scale. This is a significant professional achievement, as this innovative professional solution will be applied for the first time in Hungary, said Lőrinc Mészáros according to the statement.
Károly Mátrai, CEO of the MVM Group, emphasised that the new gas turbine power plant in Visonta, as part of MVM Group’s 2035 strategy, facilitates the growth of weather-dependent renewable electricity production, and its system regulation capability allows it to contribute to maintaining stable domestic electricity production by replacing the capacity of lignite-fired blocks.