Modern Power Plant to Boost Northern Hungary’s Economy

Hungary Today 2023.08.24.

The power plant in Visonta

A combined-cycle gas turbine power plant could be built in Tiszaújváros, northern Hungary, in a brownfield project, where six bidders can also submit offers, reports Világgazdaság.

The MVM Group launched open, conditional public procurement procedures in March for the construction of combined cycle gas turbine power plant units, which if successfully completed, will result in the construction of a total of 1,600 megawatts of modern power generation capacity at the Tiszaújváros and Visonta (in Heves County) sites of the Tiszaújváros and Mátra Power Plants. Currently, six bidders each can submit bids for the state-of-the-art power plants, with the new facility to be built on the site of the decommissioned oil-fired power plant in Tiszaújváros.

It will have the advantage of being built quickly, with high efficiency, low specific carbon dioxide emissions, and controllable output.

The latter is particularly beneficial when balancing the output of weather-dependent solar and wind power plants – as in the case of nuclear power plants it is not advisable to curtail output, where maximum capacity utilization is preferable. In addition to the new Paks units and solar capacity, gas-fired units with controllable output are needed to reduce energy dependency and the share of imported electricity.

Fact

The amendments to the contracts for the expansion of Hungary’s Paks nuclear power plant have been approved by the EU this May. With this, the new units could be commissioned at the beginning of the next decade. This would guarantee the long-term security of Hungary’s energy supply.

The closed plant in Tiszaújváros. Photo via Wikipedia

The plans envisage the construction of two units of up to 500 MW each at the Tiszaújváros base of MVM Tisza Power Plant, to be operated by MVM Mátra Energia Zrt. The Mátra Power Plant in Visonta will be equipped with one unit with a maximum capacity of 650 megawatts.

The Tiszaújváros power plant would be built as a brownfield investment, meaning the use of a closed facility classified as a rust belt.

It has been discovered that the public tenders have been met with keen international interest, with the promise of a price-driving competition. The MVM Group will publish the detailed list of consortia, including Egyptian, Greek, Chinese, and Turkish companies, in addition to Western European-based global companies.

Fact

The MVM Group is the dominant, single nationally owned player in the electricity sector, active in electricity generation, transmission, system management, and trading. The group is structured in the same way as so-called vertically integrated companies that are well established in Europe under competitive market conditions. As a competitive strategic holding company, the group is an integrated player in the Hungarian electricity market, also playing a role in the region’s electricity sector.

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Via Világgazdaság, Featured image via Facebook/Steiner Attila