Excellent transmission MVM OVIT Zrt., a member of the largest state-owned Hungarian power company, the MVM group, has recently extended its activities to meet current demands in the domestic market. While moving in new directions the company has also successfully increased its presence and found unexploited opportunities by continuing with its core businesses beyond the domestic market. Edina Beale reports.
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VM OVIT Zrt., the second largest company within the Hungarian MVM energy group, had been constructing high voltage power transmission lines and substations for over six decades when, in 2012, it had to diversify due to the full completion of the transmission line systems in Hungary. In order to utilise its professional knowledge and expertise a strategic decision was made to lay foundations in the railway sector and start assembling railway transmission lines.
Green innovations Keeping in step with changing times, in 2015 OVIT began to explore a brand new sector and found evidence that the demand for photovoltaic power station developments (solar park) in Hungary signals huge growth potential. Today the company is the biggest expert in the design and development of photovoltaic power stations in the country. In the renewable energy resources sector the company has also entered a new field; OVIT has conducted a pilot project to re-fit a 98 Industry Europe
previously natural gas fuelled power station into a biomass fired plant. The significance of this project was enhanced by the fact that the new in-built furnace was developed and produced at its power plant manufacturing unit.
Key partners Alongside its new activities, OVIT has continued their businesses with their two key partners; jobs conducted for MAVIR Zrt. and MVM Paks Nuclear Power Plant provided 40 per cent of the company’s 51 billion annual turnover in 2016. Last year OVIT constructed two 400 kV substations for two large power transmission line systems. Apart from these large-scale projects the company has also taken part in numerous railway transmission line assembly projects. The demand for railway projects has been increasing since 2010 and OVIT is now in a stable position in this market. At present OVIT is working on the reconstruction of a railway line passage between Budapest and Esztergom, an assign-
