Romanian gas producer Romgaz signed a contract for a new power plant for 268 mln. EUR
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The Romanian state gas producing company Romgaz plans to invest 268 mln. EUR (excluding VAT) in building of new power plant, which will be part of the existing TPP Iernut, learned BalkanEngineer.com from Romania-Insider.com. The company awarded the contract to the Spanish group Duro Felguera and Romanian Romelectro.
The project will streamline the activities of Romgaz by increasing productivity of TPP Iernut to a minimum of 56%. It will also increase the operational safety and will help the company to achieve compliance with the requirements for environmental emissions of NOx and CO2.
Romgaz acquired TPP Iernut in 2013 by the national electric power producer Electrocentrale Bucuresti in exchange for cancellation of 145 mln. EUR debt. Romgaz is one of the most profitable companies in Romania. For 2015 the company had a net profit of 270 mln. EUR and a turnover of 912 mln. EUR.
Source of the pictures: Romgaz