BUSINESS

Sova: Works on Rovinari power plant to start in 2014

Works on the Rovinari power plant in southern Romania, part of the Oltenia Energy Complex, will start in 2014, at the latest, and end in five years’ time, Minister-delegate for Infrastructure Projects of National Interest and Foreign Investment Dan Sova told Radio China International, Agerpres reports. “The construction of the Rovinari terminal is a 1-billion-euro project very important to Romania’s energy and the retrieval of the Rovinari heat plant,’ said Sova.
He added that Romania’s Energy Ministry brought up to the attention of Chinese investors power investment projects at Hunedoara, Turceni, Cernavoda and Tarnita. ‘The strength of the Chinese companies is very competitive in any types of procedures and I do not think this is the only energy project they will have,’ Sova explained. A memorandum between China Huadian Engineering and Romania’s energy authorities was signed in late 2012. Back then, Director General of the Oltenita Energy Complex Laurentiu Ciurel mentioned that the project is one of China’s largest investment projects in Europe and the ensuing Romanian-Chinese company will export to Turkey and Austria. Authorities say this investment will directly contribute to the creation of over 500 jobs in one of Romania’s most underdeveloped areas, to which a large number of jobs arising from the development of indirect and related activities as well as the horizontal industry will add. The price per MW generated by the new plant would be 45 euros, compared with an average market price of 53 euros, according to specialist estimates.

Related posts

Green City project nears insolvency

Test

Listing of FP portfolio companies on BVB, postponed

Nine O' Clock

Over EUR 2 M for organising tourist promotion events

Test

Leave a Comment