120m euro investment in CET Vest

Va Tech Hydro and Electrocentrale Bucharest on Tuesday in Vienna signed a memorandum for upgrading CET Vest Bucharest. The project is worth 120 million euros. “The station runs on natural gases at 38% efficiency; the new equipment will boost efficiency to more than 50% and induce a drop-off in operating costs. The consumer is the main target,” said Bogdan Buzoianu, chairman of Energy Holding Romania, which runs VA Tech’s operations in Romania. The officials did not say exactly when they planned to begin the upgrade works but specified September was the deadline for completing the feasibility study and for a Government decision to be issued. The actual upgrading is estimated to take up about 24 months. The CET Vest thermal power plant, built in 1955, produces both electrical and thermal power and has three units with 40 MW each in installed capacity. ZF