Romanian natural gas producer Romgaz resumed works on the construction of a 430 MW gas-fired power plant in Iernut, which is expected to be completed within 16 months. Romgaz CEO Razvan Popescu said that, on 1 August, the company issued an order to start with the construction works on the project.
In April, Romgaz signed a 70 million euro contract with Spanish turnkey energy and industry project delivery specialist Duro Felguera for the completion of works on a combined cycle gas turbine power plant in Iernut.
In November 2016, Romgaz concluded an agreement worth 268 million euros (without VAT) with a consortium of Spanish company Duro Felguera and Romanian Romelectro for a turnkey project for the construction of a new 430 MW gas-fired power plant within its Iernut thermal power plant. The deadline for the completion of the new combined cycle power plant is 36 months from the effective date of the contract, which shall be within 5 working days from the date the NIP financing is approved.
Romgaz took over Iernut thermal power plant in 2013 from Bucharest-based thermal energy producer ELCEN in exchange for deleting a 145 million euro debt. In late 2020, Romgaz said that it would not grant an extension of the deadline for the completion of the construction of a gas-fired unit at the existing TPP Iernut, which was proposed by the project’s contractors – Spanish Duro Felguera and local Romelectro. The agreed deadline for the completion of the project expired on 26 December 2020. The statement from Romgaz said that it will identify the necessary solutions to complete and commission the combined cycle unit at Iernut and will inform you of its decision at a later date. Initially, it was planned that the gas-fired unit would be commissioned by the end of 2020.
