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One billion Euro thermo power auction catches Chinese attention

State-owned thermo power producer Rovinariís auction to find a foreign investor for a 500 MW power station has caught the attention of the Chinese

July 2010 - From the Print Edition

Several potential investors, such as Czech energy giant CEZ and small German energy groups, have prospected Rovinari in the past, but a likely investor could be the China National Electric Equipment Corporation.
Vasile Tudorescu, investments director at Rovinari, who visited the Chinese group in June, told The Diplomat that the Chinese ďare interested in investing and they have the resources to do itĒ.
The value of the project is estimated at one billion Euro. Works are optimistically scheduled to begin in November 2010 and finish by 2014.
Rovinari has coal reserves that can be exploited for a further 45 years. The thermo power company is interested in making use of the existing infrastructure, left in place after two inefficient units, each with a 200 MW capacity, were closed.
The new investment must radically reduce pollution and should include de-sulphuring and carbon-capture equipment, according to general manager Tiberiu Trotea.
The Rovinari Complex includes a 1,320 MW thermo power plant and five perimeters for lignite exploitation.

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