Unfinished feasibility studies for the 2bn-euro projects in private energy

Though more than a year has passed since the first partnership between Termoelectrica and a private investor was sealed for the development of new electricity generation units, the large thermal power stations that were due to be built together with Europe’s power giants have not even gone beyond the stage of feasibility studies. Overall, Termoelectrica last year sealed 3 partnerships for the construction of new production units on the sites of some old thermal power stations. The total value of projects revolves around 2bn euros and they involve the installation of 1,600 MW in three new facilities. Italy’s Enel jointly with Germany’s E.ON company were due to invest 1bn euros in Braila to install 800 MW, CEZ intended to build a 400-MW station in Galati, with investments revolving around 400m euros, while Gaz de France SUEZ was due to operate an investment similar with the one undertaken by CEZ in Borzesti. Besides partnerships with Termoelectrica, GDF SUEZ, Enel and CEZ also have a series of projects related to power generation on their own.