Romanias OMV Petrom starts operations at 860MW power plant.

By bne IntelliNews October 17, 2012
Romanian firm OMV Petrom started on Tuesday, Oct 16, commercial operations at its newly-built 860MW gas-fired power plant, Ziarul Financiar daily reported. The company has invested EUR 530mn in the generation unit, which makes it one of the largest local electricity producers along with Hidroelectrica, Nuclearelectrica and the two mining/generation energy holdings. OMV Petrom extracts some 5bn cubic metres of gas per year and plans to use part of it for energy generation. Notably, the company was allowed to burn 100% gas from own production, the daily said, as opposed to all the other domestic gas consumers that have to observe the mandatory structure of imported to domestic gas ratio calculated by market watchdog ANRE based on expected consumption, production and imports. As we reported, Romania's antitrust body issued a conditioned approval to the government's waiver for OMV Petrom and Romgaz - the other national gas producer that will also operate a power plant. The antitrust watchdog explained to the government that the waiver can be enforced only as long as it is extended to all gas consumers as otherwise some of them will end up in a weaker market position, news agency Mediafax reported on September 30.

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