Romania is poised to enhance its energy landscape with a significant financing achievement for the Mintia gas-fired power plant. Emirates Islamic has approved a structured funding package of $500 million for Mass Group Holding, marking one of the largest Islamic finance transactions associated with European energy projects.
The Mintia plant, with a capacity of 1,700 MW, is projected to become Europe’s largest gas-fired facility. The total investment in the project is estimated at €1.2 billion, highlighting its critical role in bolstering Romania’s energy security and contributing to regional electricity supply.
Electricity generation at the Mintia facility is set to commence in the first quarter of 2026, with full commercial operations anticipated by the end of that year. Local authorities from Hunedoara County have confirmed that testing for the first gas turbine will begin in January 2026, followed by the second turbine in February and March. Additionally, Transgaz has completed a pipeline capable of delivering up to 2.5 billion cubic meters of gas annually, ensuring sufficient supply for the plant’s operations.
This new gas power facility will replace the former coal-fired Mintia plant, which was decommissioned due to non-compliance with EU environmental regulations. The site was acquired by Mass Global Energy Rom in August 2022 for approximately €91 million after the old plant entered insolvency in 2019 and was subsequently placed in conservation in 2021.
Once operational, the Mintia gas plant is projected to produce around 12,159 GWh of electricity each year and maintain operations for an estimated three decades. This development is expected to solidify Romania’s position as a key electricity producer within Southeastern Europe.
