Hungary: EIB supports upgrading of energy sector infrastructure in Hungary with EUR 100 million
The European Investment Bank (EIB) is lending EUR 100 million to MVM Hungarian Electricity Ltd (MVM - the Hungarian State-owned energy company) to finance the implementation of its investment programme for the period 2013-2018. The EIB loan will facilitate the reinforcement and extension of the Hungarian electricity transmission network and reconstruction of underground gas storage facilities.