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October 21, 2021

Enel Group to build EUR 1 bln unit in Galati on its own

Claudiu Zito, the new country manager and CEO of Enel Romania, the biggest private company on the electrical energy market, declared that the group would build the unit in Galati on its own, although the project costs approximately EUR 1 billion, after he finalized the purchase of the minority share packages owned by his partners in the project, according to the daily paper Ziarul Financiar.

The unit in Galati will have an installed capacity of 800 MW and it will be greater than the nuclear reactor of Cernavoda. The feasibility study for this project is already finalized. Claudio Zito, country manager and CEO for Enel Romania, declared that “we achieved the development rights for our project in Galati, we finished the feasibility study and now we will submit the necessary papers to the authorities in order to start the investment. This project now belongs 100 per cent to Enel, after we finished this month the purchase of the 10 per cent share owned by Global International and respectively, the 5 per cent owned by Romelectro. We had preemption right on these shares and we used it, so that, at the time being, this project fully belongs to Enel. The unit in Galati will have a capacity of approximately 100 MW and now we are purchasing the necessary lot.” Although he only started to manage Enel operations on the Romanian market at the beginning of this month, Zito is determine to start production in at least one energy project and to unify Enel operations after last year’s EUR 820 million acquisition of Electrica Muntenia Sud.

As for energy productions, the first MW produced by Enel locally will be due next year, in the Aeolian park of 200 MW developed by the Italian company in Dobrudja. As for the great projects of energy production from conventional sources, Zito declared that Enel was not willing to give any of them up, despite of the current unfavorable economical circumstances.

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