about us | newsletter | contact | archive | members area
Marius Nedelcu, TransferGo
Cash will become obsolete and this will be the result of digital finance advancement»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Cluj sees biomass cogeneration venture

2012-09-17 14:56:35

Romanian-owned Romita Green Energy will build what is said to be one of largest cogeneration plants based on biomass both in Romania and southeast Europe. Located in Rascruci, Cluj county, the new plant will see a total investment of 32.5 million Euro.
The new biomass cogeneration plant in Cluj will have an input of 40 MW, of which 66 per cent thermal energy and 33 per cent electricity. �This will result into ten MW of electricity and 20 MW thermal energy,� Ionel Oros, general manager of the company told The Diplomat.
Funds for the investment are split, according to the general manager. About 17.5 million Euro comes from European funds, while 15 million Euro is the company�s seed money. The new plant will be located in Rascruci, not far from the Tetarom III Industrial Park. Stretching over 22,000-sqm, the location is considered of strategic importance. �Rascruci has great potential for agricultural biomass, and with Tetarom III Industrial Park nearby we can capitalize on our thermal agent. Besides, it will be built outside the populated area to avoid pollution,� Oros added.
To produce energy from renewable sources, the plant will annually use 120,000 tonnes of wood biomass and derivatives (scrap wood for heating, sawdust, tree branches, shrubs and straws).
Construction is scheduled to begin, with works planned to last for about 18 months, said Oros, adding the investment will create in excess of 50 new jobs.
The biomass cogeneration plant in Cluj is one of the most ambitious environmental projects so far, on a market where 65 per cent of all Romanian renewable energy comes from biomass, followed by wind power (17 per cent) and solar power (13 per cent)
The new plant joins already operational cogeneration plant in Radauti, Suceava county, an investment of 20 million Euro from Austrian-based Schweighofer Holzindustrie. The Radauti plant has a total capacity of 22 MW, of which 17 MW is thermal power and five MW is electricity.
Another project in the making is a 100 million Euro investment by the Valcea County Council in two high-efficiency cogeneration plants. CET Govora will operate both plants, one of which is scheduled for completion in four years and produce a total of 4.6 MW electricity and 18 MW thermal power per plant, following a total investment of 22.5 million Euro. The second plant, valued at 80 million Euro, will boast an electric power of 120 MW.



COMMENTS
There is 1 comment:

mia: on 2012-10-12 03:57:52
There is a similar project planned in Corabia, Olt County.

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

1 Comment  |  8336 View
Daily Info
P3 relocates HQ to Charles de Gaulle Plaza

European investor and developer of logistic properties P3 relocated its headquarters to Charles de Gaulle Plaza, one of the most iconic office buildings in Bucharest, owned by...

Deloitte Romania assists transactions exceeding 500 million Euro in the last three months

Deloitte M&A specialists assisted in transactions exceeding half a billion Euro during the past three months, providing support buy-side and sell-side in M&A, due diligence, t...

Believe in people's potential

"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that ...

Veeam estimates record growth, one billion USD turnover in 2018

Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD....

TransferGo attracts 8.6 million Euro financing for international expansion

TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Great potential comes with big challenges

The residential market in Romania registered new record investments in 2017, one of its best years so far - and analysts said the trend will continue for sure this year.

2 Comments

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

2 Comments