Romania’s energy ministry signed 257.8 million euro agreement with local electricity producer Societatea Electrocentrale Craiova for the construction of a 295 MW natural gas-fired cogeneration power plant.
The financing is part of the country’s National Recovery and Resilience Plan and 825.8 million lei out of the sum are non-reimbursable funds, the energy ministry said in a press release.
“The investment at Craiova is designed to benefit from the newest relevant technologies, ensuring that all of Craiova’s residents have safe access to thermal power and electricity with low carbon dioxide (CO2) emissions,” energy minister Sebastian Burduja said.
The power plant will replace existing coal-based generation capacities and contribute to reaching power and climate targets in Romania’s 2021-2030 Integrated National Energy and Climate Plan. The project will reduce pollution and greenhouse gas emissions, falling below the 250 gCO2/kWh emission limit related to the useful power output.
