Hungarian state-owned energy company MVM has announced the signing of a contract for the construction of a new combined cycle gas turbine (CCGT) power plant at the site of the Matra coal-fired power plant. The project will be executed by a three-member consortium that won the tender for both the plant’s construction and the long-term maintenance of its gas turbine. The consortium includes Hungarian firms Status KPRIA and West Hungaria Bau, along with Egypt-based Elsewedy Electric.
Energy Minister Csaba Lantos emphasized the project’s significance, calling it a major milestone in Hungary’s energy strategy. The new facility is expected to strengthen the country’s energy independence, enhance supply security, and support climate goals. He also noted that Hungary has not commissioned a new baseload power plant in nearly 15 years.
MVM Group CEO Károly Mátrai highlighted that the power plant aligns with the company’s 2035 strategy. It will play a crucial role in stabilizing the grid as more renewable energy sources are integrated, ensuring reliability amid the decommissioning of lignite-fired units.
A key feature of the new plant is its ability to utilize green hydrogen at scale, contributing to a more sustainable energy transition.
