energy infrastructure

MVM Expands Serbia Energy Infrastructure Role as Južna Bačka Faces Margin Pressure

Hungary’s state-owned MVM Group is expanding its role in Serbia’s energy sector through infrastructure rather than direct electricity generation or retail supply, after taking majority control of established engineering contractor MVM Južna Bačka. Formerly known as Energotehnika Južna Bačka, the company operates across substations, transmission and distribution infrastructure, power generation, electrical installations, metering and industrial energy systems. Its position gives MVM exposure to Serbia’s growing requirements for grid modernisation, renewable integration and rehabilitation of ageing energy assets. MVM initially acquired…