MVM Group

MVM Group

MVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: Hungarian Electrical Works Private Limited Company) is a Hungarian power company, the only one in the country responsible for the production, distribution and sale of electricity. In the middle of 2012, MVM established a subsidiary for prepare the factual steps of Paks expansion. According to the latest plans the construction will take up in 2021 and the first new unit will be complete several years later.

Comment
enMVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: Hungarian Electrical Works Private Limited Company) is a Hungarian power company, the only one in the country responsible for the production, distribution and sale of electricity. In the middle of 2012, MVM established a subsidiary for prepare the factual steps of Paks expansion. According to the latest plans the construction will take up in 2021 and the first new unit will be complete several years later.
Depiction
Green Arrow Up.svg
Magyar Villamos Művek Székház, Budapest.jpg
Founding year
1948
Has abstract
enMVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: Hungarian Electrical Works Private Limited Company) is a Hungarian power company, the only one in the country responsible for the production, distribution and sale of electricity. The company owns several power plants including its most important clean electricity source: Paks Nuclear Power Plant with a total installed capacity of 2,000 MW and has 3,501 km of transmission lines. This single nuclear power plant provides more than half of Hungary's electrical power. An expansion is currently planned to add an additional 2 1200MWe VVER reactors, allowing for Hungary to decrease its carbon emissions and potentially become one of the cleanest electricity generators in Europe, along with France and Sweden. In 2011, MVM entered into the natural gas industry and became interested in the proposed gas pipeline South Stream. The Hungarian power company wants to add a connection to the Adriatic Sea to import liquid gas from a planned Croatian gas terminal. MVM is also a founder (along with two other state enterprises: Magyar Posta/Hungarian Post and Magyar Fejlesztési Bank/Hungarian Development Bank) of the new Hungarian state-owned mobile phone company MPVI was going to take up in 2012, but the company itself was proven to be too expensive to even start providing service. MVM sold its share to Magyar Posta in December 2013, and the MPVI's board of directors was disbanded on 19 December 2013, finalizing MPVI's incorporation to Magyar Posta. In the middle of 2012, MVM established a subsidiary for prepare the factual steps of Paks expansion. According to the latest plans the construction will take up in 2021 and the first new unit will be complete several years later.
Hypernym
Company
Industry
Electricity
Industry
Electricity
Is primary topic of
MVM Group
KeyPeople
enPeter Csiba
Label
enMVM Group
Link from a Wikipage to an external page
hvg.hu/gazdasag/20131223_A_Magyar_Postaba_olvad_az_allami_mobil/
index.hu/gazdasag/magyar/2012/05/10/mvm/
index.hu/gazdasag/magyar/2012/06/01/az_adrianal_terjeszkedik_az_mvm/
www.napi.hu/magyar_gazdasag/kulonos_sietseg_kiemelt_beruhazas_lett_a_paksi_bovites.522760.html
Link from a Wikipage to another Wikipage
Adriatic Sea
Budapest
Category:Economy of Hungary
Category:Electric power companies of Hungary
Category:Government-owned companies of Hungary
Category:Hungarian brands
Croatia
Electricity
File:Green Arrow Up.svg
File:Magyar Villamos Művek Székház, Budapest.jpg
Hungarian Forint
Hungary
Liquid gas
Megawatt
Mobile phone company
Natural gas industry
Paks Nuclear Power Plant
Power plant
South Stream
State company
State ownership
Transmission line
LocationCity
Budapest
LocationCountry
Hungary
Name
enMVM Group
Name
enMVM Group
Number of employees
7859
NumEmployees
7859
Owner
enHungary
Revenue
12
SameAs
DCD6
m.04y8nlb
Magyar Villamos Művek
MVM Group
MVM Zrt.
Q1162287
إم في إم جروب
گروه ام‌وی‌ام
Subject
Category:Economy of Hungary
Category:Electric power companies of Hungary
Category:Government-owned companies of Hungary
Category:Hungarian brands
Thumbnail
Green Arrow Up.svg?width=300
Type
State company
Type
State company
WasDerivedFrom
MVM Group?oldid=1107427860&ns=0
WikiPageLength
3814
Wikipage page ID
19956485
Wikipage revision ID
1107427860
WikiPageUsesTemplate
Template:Authority control
Template:Europe-company-stub
Template:Hungary-stub
Template:Infobox company
Template:Official website
Template:Start date
Template:URL