Chimcomplex gets EU funding to build cogeneration plant

Romania’s Chimcomplex announced that it has signed the financing contract for the RON 690 million project “High-efficiency, flexible gas cogeneration in the district heating sector of Rm. Valcea”, financed from European sources in a ratio of about 60%.

The project aims to build a high-efficiency cogeneration plant to serve the municipality of Ramnicu Valcea starting in 2026. The total value of the project is approximately RON 689,4 million, of which the maximum non-refundable eligible value is RON 405 million.

In addition to increasing the installed cogeneration capacity by 108 MW within three years of signing the financing contract, the project aims to reduce greenhouse gases by 84,468 tonnes of CO2 per year within Ramnicu Valcea, while also decreasing annual primary energy consumption by 418,105 MWh.