Romanian Ministry of Energy and the municipality of Constanta have signed a contract for the construction of cogeneration power plant worth some 151 million euros.
The statement from the Ministry said that around 87 million euros of the investment will be covered by non-reimbursable EU funds under Romania’s Resilience and recovery Plan (PNRR).
The new gas-fired cogeneration plant will produce both electricity and thermal energy for the municipal district heating system. It will be built at the location of the existing CET Palas.
CET Palas has been commissioned in 1970 and is operated by Electrocentrale Constanta. The company has been insolvent since 2019.