CE Oltenia and Alro to invest EUR 108,5 million in 850 MW gas-fired power plant
• Energy • News • South-East European INDUSTRIAL Мarket - issue 4/2022 • 08.11.2022
Romanian coal-based electricity producer Complexul Energetic Oltenia (CE Oltenia) and aluminium producer Alro have announced they will invest a total of EUR 108,5 million in a joint project to construct a 850 MW gas-fired power plant.
First unit of Akkuyu NPP to be complete by May 2023
Greek government gives green light to 407,4 MW wind power project
Enery BG 1 plans to build 400 MW PV plant in southern Bulgaria
Montenegrin TPP Pljevlja to undergo eco-reconstruction
North Macedonian electricity company ELEM to build a large-scale solar power plant with EBRD financing
Romania’s Alro May Reduce Output on Low Electricity Supplies
CE Oltenia will contribute EUR 65 million, giving it a 59,9 per cent stake; Alro will contribute EUR 43,5 million for a 40,1 per cent stake. The total value of the project is estimated at EUR 506 million, with additional financing coming from the EU’s Modernisation Fund. The project will be located in Romania’s southern county of Dolj, and will replace two coal-fired units, each of 315 MW. The gas-fired plant is expected to be operational in 2026.
Keywords: CE Oltenia, Alro, Complexul Energetic Oltenia, power plant, aluminium production
LATEST issue 1/2023