ELCEN, the major thermal power producer in Romania and Marubeni Corporation in Japan signed a contract on Tuesday to create a mixed company to build a gas power at Fantanele (Mures county), as the EUR 170 million investment will be concluded in 2017. The mixed company Fantanele Gas Power company will belong 90 per cent to Marubeni Corporation as the rest of 10 per cent will go to Electrocentrale Bucharest. The gas power station will have a 250 MP capacity and the newly-created company will work as an independent energy producer, reads an ELCEN release. Upon signing the documents to create the mixed company, ELCEN CEO Hiroshi Tachigami was present along with chairman of Marubeni Europower as well as other representatives of the two companies and the authorities. “Fantanele is the first investment project in infrastructure in Romania and we are thrilled to reach this development stage as part of the long term strategy for a more significant participation in Central and Eastern Europe. Marubeni Europower aims to expand their presence in Romania and this pilot project can prove the stability, safety and functionality of an energy market aiming to an independent energy system,” said chairman of Marubeni Europower. The project aims to create energy production units fuelled with gas, placed within the former Fantanele Thermal Power Station which is out of use at the moment.