about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»

UK’s Eco2 targets 200 million Euro plus investments in biomass

Welsh-based renewable energy developer Eco2 is targeting the development of two biomass plants in Romania – in Slobozia, Ialomita county and Rosiorii de Vede, Teleorman county

March 2011 - From the Print Edition

The total investment for each plant could exceed 100 million Euro, while both plants will have an installed power of 40 MW.
The biomass plant in Slobozia could begin construction at the end of 2012 for a finish date of 2014. This power producer will be on private leased land, while the Rosiori de Vede project aims to be developed with the assistance of the local council.
The plants will combust primarily wheat straw, but also straw from rape, sunflower and corn and woodchip.
One of the key attractions for the development is the anticipated availability of large incentives through a Government renewable energy scheme, which favours biomass and solar power, Roger Preston, Eco2 representative for Romania tells The Diplomat.
The Cardiff-based company aims to sign 12-year contracts with local farmers to bale straw for the projects and it will need to source feedstock from a 70 km radius around the locations.
“Farmers get extra money and the company is building a market for a product where there was no market before,” says Preston.
The capacity for each plant is 240,000 tonnes of straw per year.
Once the local authorities give permission for the projects, they need to gain a zoning certificate and grid connection permits from state power grid company Transelectrica.
The projects could create 150 jobs in each plot.

There is 1 comment:

Phil Pels: on 2011-03-20 22:50:10
ECO2 IN ROMANIA............

Validation Code

1 Comment  |  9389 View
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...




More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

1 Comment

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

1 Comment

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

1 Comment

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

1 Comment

EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...

OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg

OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B...