Electricity

CE Oltenia plans to slash CO2 emissions by 38%, but keep investing in coal

CE Oltenia CO2 emissions coal

Photo: CE Oltenia

Published

August 26, 2020

Country

Comments

comments icon

0

Share

Published:

August 26, 2020

Country:

Comments:

comments icon

0

Share

Romania’s ailing state-run electricity producer Complexul Energetic Oltenia (CE Oltenia) has drawn up a 2021-2026 restructuring and decarbonization plan that entails gradually reducing coal power production and developing renewable energy sources, with a target to cut CO2 emissions by around 38%. The plan includes EUR 1.5 billion in investments.

CE Oltenia, the second-biggest electricity producer in Romania, said that once the plan is fully implemented its energy mix would comprise coal, natural gas, and renewables.

Investment in mining and coal-fired power plants will amount to about EUR 410 million

“The diversification of energy resources in order to ensure the future of the company and its employees does not mean the immediate closure of lignite mining, but the gradual reduction of these activities, which will continue after 2030,” the company said in a statement. Investments in mining and coal-fired power plants will amount to about EUR 410 million, it said.

The plan involves building eight solar parks with a total capacity of 700 MW

The plan involves investment in renewable energy, including building eight solar power plants, with a total installed capacity of about 700 MW, in Turceni, Rovinari, and Işalniţa, and modernizing a small hydropower plant in Turceni, with an installed capacity of 10 MW.

The document, however, also envisages the development of new natural gas capacities, with a total installed capacity of about 1.3 GW. All new projects that are planned be put into operation by 2026 will have a total installed capacity of about 2 GW.

The restructuring plan is seen as the only solution for the struggling company

The Romanian government launched the restructuring plan as the only viable long-term option for saving the company whose activity is crucial for the national energy system. The plan has already been presented to Prime Minister Ludovic Orban, and will be sent to the European Commission by the end of August.

Earlier this year, the EU executive has approved Romania’s plans to grant a EUR 251 million loan to CE Oltenia, but with strict conditions. The company accounts for about 25% of Romania’s overall electricity production, and it currently employs around 13,000 people.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

montenegro italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece