Mintia thermal power plant will be put up for sale through a public auction, the starting price being 91.2 million euro, according to a statement from the Expert Insolvenţă.

The total starting price of the auction, which will take place on 15.07.2022 at the headquarters of SCEH SA in Petroşani, is about 91.24 million euros, excluding VAT.

If the asset is not capitalized, the auction will resume on July 29, 2022, then on August 12, 2022 and then on August 26, 2022, under the same price and location conditions, according to the Expert.

The tender registration documentation must be submitted electronically or at the registered office of the judicial administrator, with a signed notice, at least 72 hours (3 working days) before the auction date and time.

The capitalization conditions of this asset were approved by the meeting of SCEH SA creditors during the meeting convened by the judicial administrator on May 20, 2022.

“Regarding the importance of the energy field and the impact that such an investment will have for the entire community in the area and for the National Energy System, the shareholder, the Ministry of Energy, imposed certain conditions on the buyer, such as achieving a new 800 MWh energy capacity on methane gas and renewable energy until the end of 2026. In order to comply with the imposed conditions, the specifications provide for a series of sanctions, until the cancellation of the sale and the payment of damages,” it is also shown in the release.