Romania’s government to invest €1bn in gas/coal-fired power units with Israeli partner

Romania’s government to invest €1bn in gas/coal-fired power units with Israeli partner
By bne IntelliNews October 24, 2017

Romania’s government is evaluating a proposal made by Israeli state-owned Israel Electric Corporation for four new power generation units of 100MW each at power plant CET Mintia, an investment evaluated at €1bn, Minister of Energy Toma Petcu said at the Live Business conference organised by economica.net.

The investment, besides the gas-fired plant developed by Romgaz at Iernut, is important for Romania’s power system since most power plants are located in the southern parts of the country, while Mintia is located in western Romania, Petcu explained.

Mintia, which is owned by CE Hunedoara mining/power complex, already operates three units of 50MW each and another unit of 150MW.

The investors contacted the government earlier this year and have been evaluating the project for six months, Petcu stated. The investor has already submitted a letter of intent regarding the project, he added. 

 
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Moldova’s largest lender maib puts Bucharest exchange listing on hold

The largest bank in Moldova, Moldova Agroind Bank (main), announced it is postponing its plan to list on the Bucharest Stock Exchange (BVB) because certain provisions in Moldovan legislation make the ... more

Romania’s leading financial group Banca Transilvania reportedly takes over BRD Pensii

Banca Transilvania, the leading financial group in Romania by assets, has reportedly reached the stage of agreeing technical and legal details for the takeover of BRD Pensii division from BRD-SocGen, ... more

Romania’s leading lender Banca Transilvania takes over OTP Bank’s subsidiary

Romania’s largest financial group by assets, Banca Transilvania (BVB: TLV), announced that it had signed a contract ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss