MVM EGI Zrt. (Formerly ENEXIO Hungary Zrt.) won the tender for the cooling system of the new Warsaw waste-to-energy plant. The soon-to-be-launched project, funded by the European Union, will be the largest waste incinerator in Poland, so winning this tender is of great importance not only for MVM EGI, but also for the MVM Group and the Hungarian economy.
Poland Warsaw Waste Management Company (MPO) plans to set up a new environmentally friendly waste incinerator that will generate electricity by burning 265.000 t of municipality waste per year in Warsaw. The South Korean company POSCO E&C (Engineering & Construction) won the order to design and build the waste-to-energy plant for the state-owned Warsaw MPO.
After last year’s prequalification, POSCO, as a result of an international tender, has now chosen MVM EGI to design and supply the cooling system, based on ACC technology. On June 28, the trade and contract negotiations were successfully concluded. And the contract was signed on July 8th.
This ACC technology is a dry cooling technology competing with MVM EGI's main product, the Heller system. A proper cooling system must meet many criteria and the power plant’s own specificity must also be considered. Thus, due to its smaller size, the ACC cooling solution fits better in this project than any other cooling technology. However, ACC technology is much more widespread than MVM's EGI Heller system, which is why it has several suppliers. Winning a tender in such a strong market is a great success not only for MVM EGI, but also for the MVM Group, and it demonstrates MVM’s technology edge for cooling solutions. This project is smaller than the typical MVM EGI Heller projects, but is strategically extremely important for the company, because already under the new brand name, as part of the MVM group, it can get an ACC project from such a prestigious customer like POSCO. During the implementation of the project, MVM EGI will be able to rely on its recent experience from the Istanbul waste-to-energy project, which is of a similar size. The Istanbul plant supplies electricity to the recently completed Istanbul airport and was executed by MVM EGI. In the Central and Eastern European region, the waste-to-energy market is facing a significant upswing. A similar project is being planned within the MVM Group, so this reference could also strengthen the company's business.
Background information:
PSCO E&C: a South Korean-based global engineering and construction company founded in 1994. Its activities range from steel production to power plants, urban development or even the construction of skyscrapers.
MVM EGI: MVM EGI (Formerly ENEXIO Hungary) is one of the global leaders in power plant dry cooling, with its own production, research and development. With its cooling solutions, it has been contributing to the environmentally friendly and water-efficient development of the energy market for decades.
ENEXIO Hungary Zrt. and its two Chinese subsidiaries were acquired in 2020 by the MVM Group. Since June 1, 2021, ENEXIO Hungary Zrt. has continued to operate as MVM EGI Zrt.
For further information please have a look on our website: www.mvmegi.com.