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EIB invests €120 million in modernisation and expansion of energy supply network in south-eastern

EIB invests €120 million in modernisation and expansion of energy supply network in south-eastern
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Dec 14, 2020

The 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. The investment will enable MVM to test advanced metering schemes, maintain the quality of service, meet growing demands for electricity in the region, improve the reliability of its supply network and integrate new renewable energy generators for some 785 000 customers in Bacs-Kiskun, Bekes, Csongrad-Csanad and Pest counties.





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Description The 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.
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