Romgaz to sign the execution contract for Mintia power plant by yearend

Romgaz wants to sign the design and execution contract for the Mintia plant by the end of the year, said Mihaela Toader, head of EU funds department, Romgaz.
“There is a state of uncertainty in the energy market. Companies don’t know what to do. We want to improve our capacities, especially those of electricity. We did not stop the investments, but we have more time to analyze the opportunities. By the end of the year, we want to sign a design and execution contract for the Mintia plant,” said Toader, at a webinar organized by EM 360 and Sustainable Romania.

Romgaz is the main natural gas producer and supplier in Romania, having the Romanian State as main shareholder (70%). The remaining 30% stake is traded on the Bucharest Stock Exchange and the London Stock Exchange (LSE). In 2013, Romgaz expanded its main scope of activity by taking over Iernut power plant, thereby becoming an electricity producer and supplier. Currently, the company is implementing the largest investment made in the energy sector in the past 10 years- the CCGT Power plant Iernut, 430 MW.