The total investment for the plant, including infrastructure investments, will be in the region of E500 million. The 860MW power plant will be built on the premises of the Petrobrazi refinery and will be supplied with natural gas through a Transgaz pipeline.
Approximately 20% of the power plant’s capacity will be used to supply the demand of own consumption (both in refining and in the exploration and production segment), while the rest will be distributed to the national power grid.
Plant construction is scheduled to start in 2008 and full production capacity is expected to be delivered by the end of 2010, Petrom said.
The power market will be subject to major structural changes, especially in those countries where aged capacities are to be replaced by new, cleaner less carbon intense technologies. Considering this environment, to enter the power market is an excellent opportunity for Petrom, one of the major gas producers in Romania, commented Werner Schinhan, deputy CEO of Petrom.
The new power plant will have a major contribution to the increase of Romania’s energy security and to the reduction of environmental impact. It is a project developed in accordance with the European energy strategy and in line with EU environmental requirements, Mr Schinhan added.
