Romgaz has signed on Monday the contract for the new Iernut Thermal central, worth about 269 million euro, with a two-company consortium.
The consortium formed by Duro Felguera and Romelectro have 36 months to complete the works at the Iernut thermal central, “by building a thermal power plant with combined cycle with gas turbines,” writes a report submitted to the Bucharest Stock Exchange (BSE).
Cristian Secoşan, general manager at Romelectro Group has referred to the contract as “the most important project in energy generation run by a state owned company in the last 10 years”. It is The stake is to develop, in Transylvania, a poorer area in energy generation, a new power plant to provide electricity for the area, in an efficient, safe and in compliance with environmental requirements. “We demonstrate once again that Romanian companies have the ability to engage in complex programs with international participation, where they can capitalize on the high level of expertise and competitiveness.”
In turn, representatives of Duro Fulguera stressed that the workings at Iernut is the first larg contract won by DF Energy (the Energy Division of the Group) in Eastern Europe. “Romania is an excellent opportunity for DF Energy to expand and strengthen a promising market, complementing our traditional market in Latin America.”
The contract for about 269 million euros (268,836,329.82 million) granted to the two companies by Romgaz has a performance warranty bond in amount of 10% from the contract value (excluding VAT).
”In compliance with art.224 paragraph 5 of Law no.297/2004 on the Capital Market and art. 113.B letter c) of C.N.V.M. Regulation no.1/2006, S.N.G.N. ROMGAZ S.A reports the conclusion of the public procurement contract, by the open bid procedure, for performing the turnkey project “Development of CTE Iernut Power Plant by building a new combined cycle CCTG power plant.”
”One of the main strategic directions of S.N.G.N. ROMGAZ S.A is to consolidate its position on energy markets. In this case, in the field of electric power generation, the performance of this project aims to make the activity more efficient by: increasing CTE Iernut Power Plant efficiency to a minimum of 56%, compliance with the environment requirements (NOx , CO2 emissions) and improving safety operations. The project is financed from own sources and funds from the National Investment Plan (NIP) in compliance with GD 1096/2013, updated.
”Works completion term: 36 months from the effective date of the contract. The contract shall be effective within 5 working days from the date the NIP financing is approved, by complying with GD 1096/2013, updated,” reveals the report sent to the BSE.
