MVM Energy Private Limited Company

MVM Energy Private Limited Liability Company (MVM Ltd.) is a Hungarian‑registered private company limited by shares, 100% owned by the Hungarian State through the Ministry of Energy. Headquartered in Budapest, it is the controlling company of MVM Group, a fully state‑owned, vertically integrated energy group that acts as a key strategic utility in Hungary and Central and Eastern Europe. MVM Group’s expanding portfolio covers almost the entire domestic energy system, including electricity and gas generation, storage, transmission, distribution, wholesale and retail trading, district heating, system operation and energy‑related services, as well as IT, telecommunications, financial and security services. The group is active in 23 countries, operates more than 140 subsidiaries, and serves nearly 10 million household and business customers, with around 70% of Hungary’s power generation, close to half of industrial gas supply and universal‑service gas and power for households. MVM Ltd. manages strategy, financing and group‑level development, including an intensive investment programme focused on energy transition and security of supply. According to Fitch, MVM is Hungary’s largest electricity and gas utility, with a sizeable share of regulated and quasi‑regulated network and retail activities, and is phasing out lignite at the Mátra power plant while constructing 1,521 MW of new CCGT capacity and expanding renewables and flexible assets such as storage. The group targets at least 25% of EBITDA from international markets through trading and acquisitions, and maintains investment‑grade credit ratings supported by domestic and international bond issuance. MVM operates integrated quality, energy, environmental and information‑security management systems certified to ISO 9001, ISO 50001, ISO 14001 and ISO/IEC 27001, and an ISO 37001‑based anti‑corruption system, under environmental and energy policies that emphasise decarbonisation, resource efficiency and a long‑term goal of net carbon neutrality by 2050.