COMPANIES ECONOMY ENERGY

The first Romanian – Chinese partnership in energy: Oltenia Energy Holding announces the setting up of the Huadian Oltenia Energy SA joint venture

Despite some people’s skepticism, the partnership between Chinese and local Romanian companies and authorities is solid and quite. Although the central authorities in Bucharest seem to enter in “silenzio stampa”, the protocols or the co-operation agreements follow their way as it was decided. And this is regarding both the nuclear electric groups No.3 and No.4 from the Nuclear Power Plant in Cernavoda, and the residential center in Craiova.

The most advanced co-operation project is the Oltenia Energy Holding (CEO – Complexul Energetic Oltenia). According to a press release issued by the Romanian party, a delegation belonging to the Chinese State company Huadian Engineering has performed, during March 28 and April 12 this year, a working visit to Romania. On this occasion, it was decided to establish the Huadian Oltenia Energy SA joint venture, which will manage the design and the manufacturing of a thermo-electrical power plant operating with coal.

The next visit will be on May, when the contracts will be probably concluded and the new company will be able to be registered at the Trade Register.

Huadian Oltenia Energy SA joint venture will be headquartered in Rovinari. A number of about 250 employees will work for the company.

“The construction works for the new power plant of 1 x 600 MW will start after obtaining all the required certificates and authorizations. The construction period is about 36 months since authorizing. This new production capacity should replace the existent ones in the National Energy System, which are no longer reliable and which have an overdue technology, belonging to the 70’s”, the press release states.

The same source mentions also that, in the implementation period, it is estimated that over 4,000 working places will be created, and the new energy group will use 4.6 million tones of lignite per year, which ensures 3,000 working place.

Representatives of the Ministry of Energy announced since 2014 that the joint venture between Oltenia Energy Holding and the Chinese company Huadian is going to be done, a project aiming around one billion Euros investments for the Rovinari thermal power plant.

 

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