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. 

 
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