Hungarian energy company MVM Group has officially signed the contract for the development of a new combined cycle gas turbine (CCGT) unit at the Mátra Power Plant.

Source: MVM

The project will be undertaken by a three-member consortium, which secured the contract through a competitive tender. The consortium consists of Hungarian companies Status KPRIA and West Hungária Bau, alongside Egypt-based Elsewedy Electric.

Minister of Energy Csaba Lantos highlighted the significance of the project, stating that the new power plant will enhance Hungary’s energy independence, strengthen security of supply, and support climate goals. He noted that it has been nearly 15 years since the country last commissioned a base-load power plant.

According to Károly Mátrai, CEO of MVM Group, the new gas turbine unit aligns with the company’s 2035 strategy, which focuses on supporting the integration of renewable energy. The facility’s flexible system control will help balance the grid as more weather-dependent renewables come online, replacing the capacity of lignite-fired units.

Additionally, the plant will be designed to utilise green hydrogen on a large scale, further advancing Hungary’s decarbonisation efforts.