©THE ICIS HEREN REPORTS - Romania picks CEZ in Galati tender and Electrabel for Borzesti
Romania has selected Czech utility CEZ to upgrade and expand its Galati power plant, while Belgian Electrabel has been chosen to build a 400-500 MW station in Borzesti, Romanian state-run power company Termoelectrica confirmed to ICIS Heren on Wednesday (24th September).
Termoelectrica’s general director Ioan Ungureanu said the company will now start negotiations with both firms, with a view to signing a Memorandum of Understanding (MOU) in three or four weeks.
Ungureanu added that Termoelectrica was planning to keep a minority stake in the project, but that the exact amount of the shares is yet to be determined. Termoelectrica currently holds 100% of the 535 MW Galati plant. CEZ had also taken part in the Borzesti tender, along with Eon, Enel, Iberdrola, US-American AES, and Romanian companies Romned Port Operator and Romenergo.
Earlier, the Romanian government chose Eon and Enel to build an 800 MW coal-fired plant in Braila, and signed an MOU with the two companies about the construction.
Eon told ICIS Heren it had launched a feasibility study for the project, scheduled to be completed within several months. A final investment decision will be taken based on the results of the study.
According to reports, Enel and Eon and Termoelectrica would each have the right to trade 50% of the energy produced in the Braila plant, with any profit obtained to be shared between the companies, proportional to their stake.
(THE ICIS HEREN REPORTS - EDEM 12 186 / 24 September 2008)

Back to index