MVM Paks

What MVM Paks does

MVM Paksi Atomerőmű Zrt. operates the Paks Nuclear Power Plant, Hungary's sole commercial nuclear power facility, located on the Danube River in Paks, Hungary. The plant comprises four VVER-440 (Water-Water Energetic Reactor) reactor blocks that began commercial operation between 1982 and 1987, originally rated at 440 MW each. Following power uprate modifications completed in 2021, each block now operates at approximately 500 MW, giving the facility a combined installed electrical capacity of approximately 1,466 MW (with the website displaying live per-block output updated every five minutes). The company sells its entire output into the Hungarian national electricity grid, dispatched by MAVIR ZRt. and distributed via MVM Group's network companies, functioning as baseload generation that contributes a significant share of Hungary's electricity supply with zero direct greenhouse gas emissions.

The business model is that of a regulated, state-owned baseload generator rather than a competitive merchant operator. MVM Paksi Atomerőmű Zrt. is a wholly-owned subsidiary of MVM Zrt., the Hungarian state's diversified energy conglomerate; no public revenue, pricing, or margin data is disclosed, with electricity flows internalized within the MVM Group structure. Operating on a 15-month refueling and maintenance cycle, the plant is pursuing 20-year service life extensions for each block — Block 1 received OAH authorization on December 18, 2012, and Block 2 on November 24, 2014, with Blocks 3 and 4 in preparation (target windows of 2032-2037 and 2052-2057 respectively). Beyond generation, the company maintains an Information and Visitor Center, a Museum of Nuclear Energy, a virtual tour platform, and an Atomerőmű Magazin publication, supporting public engagement and license-to-operate activities.

The company is small in headcount (11-50 employees), consistent with an asset-operating entity embedded within the larger MVM Group, which provides ancillary services such as nuclear maintenance through MVM Nukleáris Karbantartó Zrt. and other specialized subsidiaries. The core competitive position rests on regulatory exclusivity, capital intensity, and operational know-how accumulated since 1982 rather than on commercial differentiation, pricing power, or technology disruption.

Name

MVM Paks

Legal name

MVM Paksi Atomerőmű Zártkörűen Működő Részvénytársaság

Website

https://atomeromu.hu

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

MVM Paksi Atomerőmű Zrt. operates Hungary's only commercial nuclear power plant in Paks, running four VVER-440 reactor blocks with approximately 1,466 MW of installed capacity to supply baseload electricity to the Hungarian national grid via the MVM Group.

Ownership category

akta.pro rank

Product category

Nuclear Power Generation

NAICS

Nuclear Electric Power Generation (221113), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Research & Test Reactor Operations (Non-Commercial Power) (EUACADAH)

akta.pro secondary industry

Reactor Refueling & Fuel Handling Systems (Cranes, Machines, Transfer Systems) (EUAKADAN)

Keywords

• Nuclear power generation
• Baseload electricity supply
• Reactor operations
• Nuclear energy services
• Power plant operations

Headquarters

HQ city

Paks

HQ country

Hungary

HQ region

Europe

Offices1 record

Markets served

Core offering

MVM Paksi Atomerőmű Zrt. operates Hungary's only nuclear power plant, consisting of four VVER-440 reactor blocks (Blocks I–IV) that began commercial operation between 1982 and 1987. Each reactor block has been upgraded from an original rating of 440 MW to approximately 500 MW, supplying baseload electricity to Hungary's national power grid under the MVM Group umbrella.

Product overview

MVM Paksi Atomerőmű Zrt. operates Hungary's sole nuclear power plant, consisting of four VVER-440 reactor blocks (Blocks I-IV) with a combined electrical output of approximately 2,000 MW. Originally rated at 440 MW each, the reactors have been upgraded to approximately 500 MW through modifications. The facility provides a significant portion of Hungary's electricity generation. The company offers related services including a visitor center, nuclear energy museum, virtual tours, publications (Atomerőmű Magazin), and an ongoing service life extension program extending reactor operations by 20 years beyond original design life, with permits obtained for Blocks 1 and 2, and ongoing procedures for Blocks 3 and 4.

Differentiator

Problem solved

Functional benefit

Products and services

• Nuclear Power Generation
• Information and Visitor Center (Tájékoztató és Látogatóközpont)
• Museum of Nuclear Energy (Atomenergetikai Múzeum)
• Virtual Tour (Virtuális túra)
• Service Life Extension Program (Üzemidő-hosszabbítás)
• Atomerőmű Magazin (Nuclear Power Plant Magazine)

Quantifiable outcome

• Approximately one-quarter of Hungary's annual oxygen production is saved by the plant's environmentally friendly operation over the next 20 years through avoided emissions

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Fortum: Operates the Loviisa nuclear plant in Finland using VVER-440 reactors — the same reactor type as MVM Paks. Highly comparable as a Western European operator of the same Soviet-design fleet with established life-extension experience.
• Kozloduy NPP: State-owned operator of Bulgaria's sole nuclear power plant, using VVER-1000 reactors. Comparable as a national baseload VVER operator in a neighboring EU member state with similar regulatory and fuel-supply dynamics.
• Energoatom: Operates Ukraine's fleet of VVER-1000 and VVER-440 reactors. Comparable as the largest VVER fleet operator globally, with the same Soviet-design reactor technology, fuel supply chain, and operating model.
• Paks II Ltd. Project company building two new VVER-1200 units at the same Paks site in Hungary. Directly comparable as the planned successor fleet and a natural operational extension of the existing MVM Paks asset, using the same reactor lineage.
• ČEZ Group: Operates the Dukovany (VVER-440) and Temelín (VVER-1000) nuclear plants in the Czech Republic. Closest regional peer to MVM Paks in terms of VVER fleet operation, regulatory framework, and role as national baseload supplier in a neighboring Central European market.
• Slovenské elektrárne: Operates the Bohunice and Mochovce nuclear plants in Slovakia using VVER-440 reactors — the same reactor type as MVM Paks. Most directly comparable peer given shared Soviet-design fleet, regulatory environment, and Central European baseload role.
• Nuclearelectrica: Operates Romania's Cernavodă nuclear plant using CANDU reactors. Comparable as the state-linked national nuclear operator of a neighboring Central/Eastern European EU member state supplying baseload to the domestic grid.

Broad incumbents

• TVO: Operates the Olkiluoto nuclear plant in Finland (BWR technology including the Olkiluoto-3 EPR). Comparable as an established Nordic nuclear operator running a multi-reactor baseload site with similar regulatory and aging-management challenges, though a different reactor type.
• EDF: France's state-controlled national nuclear operator running the world's largest fleet of PWR reactors. Comparable as a sovereign-backed nuclear utility of national strategic importance, though materially larger and using Western reactor technology.

Others

• Rosatom: Russian state nuclear corporation that is the original designer and fuel supplier for the VVER-440 reactors at Paks. Relevant as the technology and fuel vendor underpinning the existing fleet and the planned Paks II expansion, but not a direct competitor.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCT8PDLpk0TtanO6Cjg8YOlg
• Facebookfacebook.com/paksiatomeromu
• Instagraminstagram.com/paksiatomeromu
• LinkedInlinkedin.com/company/mvm-paks-nuclear-power-plant-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MVM Paks