Environment

Romania erases new coal-fired thermal power plants from its plans

Romania coal fired thermal power plants

Photo: Tobias Tullius on Unsplash

Published

November 23, 2020

Country

Comments

0

Share

Published:

November 23, 2020

Country:

Comments:

0

Share

Minister of Economy, Energy and the Business Environment Virgil Popescu claimed no more coal power plants would be built in Romania while the wording of a call to shareholders of CE Oltenia suggests the company intends to give up on the last such project.

The plans for a 600 MW thermal power plant in Rovinari seem to be doomed as Complexul Energetic Oltenia – CE Oltenia asked its shareholders to make a decision according to the current conditions in the energy market in Romania and Europe, the domestic media reported. The news follows the claim by Minister of Economy, Energy and the Business Environment Virgil Popescu that not one more coal power plant would be built in the country.

Dead end in talks with Chinese partners

In the call for a general meeting, scheduled for December 14, the state-owned coal and power producer questioned “the real intention and ability” to install the facility. Negotiations with China Huadian began in 2012, after which they were suspended in 2016 and continued two years ago, but without any progress.

The Chinese partner was supposed to become the majority shareholder of the new facility in southwest Romania.

No business case for coal

In the meantime, carbon allowances and other costs burdened CE Oltenia and the company is currently counting on billions of euros of state aid to keep it afloat, close several coal mines and thermal power units and install gas and solar power plants. The COVID-19 pandemic struck another financial blow this year.

Bankwatch noted that the Rovinari project was quietly left out of the National Energy Strategy, published in September, and stressed Serbia and Bosnia and Herzegovina are now the only countries in Southeastern Europe that still intend to build coal power plants. The organization criticized CE Oltenia for the decision to lean on natural gas as an unsustainable.

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

Serbia opens door for batteries as solution for intermittency of renewables rajakovic nikola

Serbia opens door for batteries as solution for intermittency of renewables

04 February 2023 - We spoke with Professor Nikola Rajaković about proposed changes to the Law on the Use of Renewable Energy Sources

Serbia gets its first commercial PPA financing secured for Krivaca wind farm

Serbia gets its first commercial PPA – financing secured for Krivača wind farm

03 February 2023 - MK Group and ALFI Green Energy Fund have secured EUR 155 million for the project from a consortium of lenders led by Erste Group

Bulgarian IBEX exchange market guarantees of origin

Bulgarian IBEX exchange to set up market for guarantees of origin

03 February 2023 - Independent Bulgarian Energy Exchange – IBEX said it would organize a market for guarantees of origin of electricity

windeurope wind turbenes orders drop 2022

Wind turbine orders in EU drop by almost half in 2022

03 February 2023 - It is the continuation of the downward trend as orders have been declining since the first quarter of 2021