Termoelectrica has a $150m project

Termoelectrica intends to attract a partner to fund the construction of a generator set running on lignite with an installed power of 150-250MW at the Doicesti-Dambovita thermoelectric power station, which requires a minimum $155 million investment. “We will establish a joint venture to operate as an independent energy producer, in which the investor will hold 51% (…) We estimate the project to be worth $155-$160 million for a 150 MW generator set equipped with a desulfurising installation,” Stefan Arama, head of Termoelectrica’s Privatisation and International Co-operation Department said on Wednesday. Termoelectrica will bring the land and the necessary utilities into the venture, with the generator set possibly built on the location of an already existing generator block, and the investor will contribute the funds for buying the necessary plant and equipment. Arama says one of the advantages of the project is the direct access to the coal supplies of the mining facilities in the area. ZF