EIB invests €120 million in south-eastern Hungary


The European Investment Bank (EIB) and MVM Hungarian Electricity Ltd. (MVM) have signed a €120 million loan to modernise and expand the electricity supply network in south-eastern Hungary.

MVM has more than 785.000 customers in Bacs-Kiskun, Bekes, Csongrad-Csanad and Pest counties.

The project programme covered by the financing consists of the reinforcement of the electric supply network, refurbishment of high, medium and low-voltage substations, overhead lines and underground cables, and the installation of 600 distribution transformers and 210.000 advanced meters.

Special measures to protect local birds species, developed in cooperation with the Hungarian Ornithological Society, will also be implemented under the investment including the replacement of above-ground power lines with underground alternatives, and the installation of special equipment for bird protection.

- Advertisment -


World’s 500 largest family businesses grew their revenue by 10%

The 500 largest family businesses generate US$8.02t and employ 24.5m people across 47 jurisdictions, according to 2023 EY and...

Must read