MAEN - Energy: new Hungarian-Italian company to build the next gas turbine power plants in the Western Balkans

MAEN – Energetika Zrt., a joint venture between Status KPRIA Zrt., a company owned by the Butcher Group, and the Italian Ansaldo Energia S.p.A. The new company will provide power plant maintenance services in Hungary and plans to build combined cycle gas turbine power plants on a turnkey basis in the Western Balkans region, the Mészáros Group said on Thursday.

The primary objective of the joint venture is to provide complete turnkey construction (EPC) of new power plants. The Mészáros Group will participate in the Hungarian-majority joint venture with its construction experience and financial resources in infrastructure development, while the Italian state-owned Ansaldo Energia S.p.A. has significant knowledge and capacity in gas and steam turbine and generator manufacturing, and brings decades of maintenance experience to the joint venture

- they wrote in the statement

Power plant maintenance is also part of the new company's profile

They added that, in addition to the construction of new projects, the company's plans include the long-term maintenance and operation of existing power plants and, later, of newly built power plants. The newly established company plans to perform this task as a permanent service.

They also pointed out that the Mészáros Group is placing increasing emphasis on foreign expansion, especially in neighbouring countries and in industries in which it has already gained considerable experience in Hungary.

The original parent company Ansaldo Energia was founded in Genoa, Italy, in 1853. Its beginnings were based on the manufacture of steam turbines and generators, and it expanded its activities to the construction of advanced gas turbines and combined cycle power plants, as well as nuclear and renewable technologies and hydrogen production. The group currently comprises more than 30 companies worldwide, employs more than 3,300 people and had sales of more than €1.1 billion in 2023.

Photo source: JPxG, Gateway Generating Station rectified, CC BY-SA 4.0