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Bucharest
October 5, 2022
BUSINESS

CEZ buys TMK Resita plant’s hydropower system

CEZ Romania, a member of the CEZ Group (Czech Republic), has bought the hydropower system owned by the TMK Resita iron and steel plant, thus entering the hydropower market, ‘Financiarul’ daily reports. According to a press communiqué, CEZ fully bought the TMK Hydroenergy Power company, a company set up by TMK last year in order to manage the Trei Ape, Gozna, Valiug and Secu lakes as well as the hydropower micro-plants Crainicel I, Crainicel II, Grebla and Breazova. Its total installed capacity is close to 18 MW. The parties involved in the deal did not want to make the contract’s details public. Following this transaction CEZ’s installed capacity in Romania totals 258 MW, its target being over 600 MW. Last year the Czech company inaugurated a wind farm in Fantanele commune, Constanta County, its capacity totaling 240 MW. The power produced by the micro power plants located in Caras-Severin feeds the iron and steel plant’s only electric steel works still in operation, and possibly households in Resita too.

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