Ministry of Energy signs MoU for renewable energy project in Jiului Valley

The Ministry of Energy announces the signing of a Memorandum of Understanding on November 27, thus strengthening the Romanian American strategic partnership in the field of mining and renewable energy in the Jiului Valley region.

“This initiative represents an important step in the implementation of the economic, social and environmental development strategy of the Jiului Valley for the period 2022-2030, approved by Decision no. 901/2022. The memorandum signed by the Ministry of Energy, Societatea Complexul Energetic “Valea Jiului” SA and American Bio-Carbon Delaware LLC aims at the transformation of the Paroșeni thermoelectric plant, located in Jiului Valley, by using the biofuel produced by American Bio-Carbon from Romanian biomass, thus replacing traditional coal,” a release reads.

“Through this strategic collaboration, we not only align ourselves with the European goals of decarbonization and sustainability, but we manage to offer new economic and social perspectives for the Jiului Valley. We are proud to work with our American partners to transform a historic sector into an innovative and green one,” said Sebastian Burduja, Minister of Energy.

The purpose of this Memorandum is to establish a framework for collaboration to transform the Paroșeni Thermal Power Plant into a modern facility, using biofuel instead of coal.