The Ministry of Energy will set up a working group for coal-based electricity producer Energy Complex Oltenia, to identify solutions and collect data for the restructuring plan for the modernization of the company.
In 2022, the European Commission approved the restructuring plan of EC Oltenia worth 2.66 billion euros. The total value of the measures for the reorganization and transformation of EC Oltenia is close to 4 billion euros if the company’s contribution of some 1.24 billion euros is added to the sum.
More than 250 million euros have already been allocated, as support granted by the Romanian state in 2020, which is already included in the restructuring plan. About 711 million euros will be granted through the Modernization Fund, for the commissioning of 8 solar power plants with combined installed capacity of 725 MW, the refurbishment and modernization of a 10 MW micro hydropower plant and the commissioning of a natural gas-fired electricity generation capacity – a unit of 475 MW at TPP Turceni, and 850 MW unit at TPP Isalnita.