Hungarian electricity group MVM is bringing to the table many projects. With the acquisition of energy company innogy SE and the booking of 6.75 billion cubic metres (bcm) of regasification capacity at the Krk LNG terminal, the Group is beginning to enter new markets.
CEENERGYNEWS spoke with György Kóbor, CEO of MVM Group, about the company’s role in Central and Eastern Europe, as well as the future regional energy mix.
Very recently, MVM Group acquired innogy SE’s entire electricity and gas retail business in the Czech Republic, which is currently supplying 1.2 million gas customers and 0.4 million electricity customers in the country.
“This transaction is truly a key milestone in MVM Group’s regional expansion strategy,” highlights Mr KóboR. “We are entering the exciting Czech market as an energy supplier, being responsible for more than 1.6 million clients. This means a valuable asset for us. We are fully committed to iCR’s customers and will continue to deliver the high service quality and value that they have come to expect.”
Mr Kóbor believes that this transaction will enhance the competition in the Czech energy market which can be advantageous for the Czech consumers.
“We look forward to working with the management to sustain and further develop iCR’s market position,” he continues.
This latest transaction is in line with MVM Group’s objective to expand beyond the Hungarian market and to become a leading energy player across the Central and Eastern European region.
This article was originally published on CEENERGYNEWS, the official media partner of Budapest Climate Summit.