Europe: Gas prices hit...

Following the August 15 meeting between Donald Trump and Vladimir Putin, and Trump’s...

Region: Electricity prices drop...

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Romania: Electrica confirmed the plan to build a 500 MW gas-fired power plant

Romanian electricity supply and distribution group Electrica confirmed plans to build a state-of-the-art combined cycle gas power plant, “integrating a hydrogen component and storage capabilities” with a maximum installed capacity of 500 MW.

The new facility is planned for development on the site of a former power plant at Fantanele in Mures County.

“We have currently started market research for the feasibility study,” said the company’s CEO, Alexandru Chirita, on the occasion of unveiling the company’s Q3 financial report.

Electrica also explores other renewable energy projects, with a capacity of around 200 MW, as a step towards reaching its target of 1 GW by 2030.

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