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Kinstellar Advises MVM Group on CCGT Power Plant Development

Hungary
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Kinstellar has advised the MVM Group on developing a 500-megawatt combined-cycle gas turbine power plant at the Matra Power Plant in North-East Hungary.

The MVM Group is a Hungarian power company,

According to Kinstellar, the new facility will replace aging, high-emission lignite-fired power assets and support the expansion of renewable energy sources in the country. The winning development consortium – comprising Elsewedy, West Hungaria Bau, and Status KPRIA – was selected through a public procurement process.

The Kinsetllar team included Budapest Office Managing Partner Balazs Sepsey and Senior Associate Laszlo Bujaki.

Kinstellar at a Glance

Kinstellar is a leading independent law firm in Emerging Europe, Turkey and Central Asia, with offices in Bulgaria (Sofia), Croatia (Zagreb), the Czech Republic (Prague), Hungary (Budapest), Kazakhstan (Almaty and Astana), Romania (Bucharest), Serbia (Belgrade), Slovakia (Bratislava), Turkey (Istanbul), Ukraine (Kyiv), and Uzbekistan (Tashkent).

Operating as a single fully integrated firm, Kinstellar delivers consistently high quality services across all jurisdictions in an integrated and seamless style. We are particularly well suited to servicing complex transactions and advisory requirements spanning several jurisdictions.

Firm's website.