MVM Group (Magyar Villamos Művek Zártkörűen működő Részvénytársaság, literally: ''Hungarian Electrical Works Private Limited Company'') is a Hungarian

power company An electric utility is a company in the electric power industry (often a public utility) that engages in electricity generation and distribution of electricity for sale generally in a regulated market. The electrical utility industry is a major pr ...

, the only one in the country responsible for the production, distribution and sale of

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as describ ...

. The company owns several

power plant A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the electricity generation, generation of electric power. Power stations are generally connected to an el ...

s including its most important clean electricity source:

Paks Nuclear Power Plant The Paks Nuclear Power Plant ( hu, Paksi atomerőmű), located from the small town of Paks, central Hungary, is the first and only operating nuclear power station in Hungary. In 2019, its four reactors produced more than 50% of Hungary's ele ...

with a total installed capacity of 2,000 MW and has 3,501 km of

transmission line In electrical engineering, a transmission line is a specialized cable or other structure designed to conduct electromagnetic waves in a contained manner. The term applies when the conductors are long enough that the wave nature of the transmi ...

s. 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 South Stream (russian: Южный поток, Yuzhnyy potok; bg, Южен поток, Yuzhen potok; sr, / ; sl, Južni tok; hu, Déli Áramlat; it, Flusso Meridionale) was a canceled pipeline project to transport natural gas of the Russia ...

. The Hungarian power company wants to add a connection to the

Adriatic Sea The Adriatic Sea () is a body of water separating the Italian Peninsula from the Balkan Peninsula. The Adriatic is the northernmost arm of the Mediterranean Sea, extending from the Strait of Otranto (where it connects to the Ionian Sea) to t ...

to import liquid gas from a planned

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capit ...

n 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 A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sel ...

''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.

References

*
Paks expansion became a high priority project (Napi Gazdaság)Nagyot kaszált a gázon az MVM (index.hu, Hungarian)Az Adriánál terjeszkedne az MVM (index.hu, Hungarian)A Magyar Postába olvad az állami mobil (Hungarian, HVG.hu)
Electric power companies of Hungary Economy of Hungary Hungarian brands Government-owned companies of Hungary {{Europe-company-stub