April 2025 – Kinstellar is delighted to announce that our Budapest team has advised MVM Group on the project to build a major (approx. 1,000 MW) new combined-cycle gas turbine (CCGT) power plant in Tiszaújváros, North-East Hungary.
This transaction and the Mátra CCGT power plant development were the first public procurement tenders in Hungary for such kind of power generation facilities. The new Tisza CCGT power plant will further support the energy transition of Hungary with the provision of a more reliable electricity system which is capable of integrating renewable power generation assets without endangering the security of supply.
Kinstellar Budapest provided comprehensive legal support to MVM
Group from the initial stages of the project, through the drafting
and negotiation with several potential bidders of the Engineering
Procurement Construction (EPC) contract, as well as the Long-Term
Service Agreement for the CCGT power plant.
The Kinstellar team consisted of Balázs
Sepsey (Managing Partner) and Lászlo
Bujáki (Senior Associate).
We are delighted to support MVM Group in this landmark project
along with the Mátra CCGT power plant development, which are
the first real large-scale conventional CCGT power plant projects
to be developed in Hungary for almost a decade and which are key
milestones in Hungary’s transition towards a more sustainable
and resilient energy system.
The vital role of Kinstellar Budapest on both major CCGT projects
clearly demonstrates our Energy team’s unique expertise in
complex energy development projects and proves our ability to
provide tailored advice to our clients with a deep understanding of
the energy and infrastructure sectors in CEE. I would also like to
highlight the dedicated contribution of László
Bujáki, senior associate of our energy team.
Balázs Sepsey, Office Managing Partner