Electricity

Romania sells decommissioned Mintia coal power plant

mintia-coal-power-plant

Photo: byrev from Pixabay

Published

August 30, 2022

Country

Comments

0

Share

Published:

August 30, 2022

Country:

Comments:

0

Share

Romania’s insolvent Complexul Energetic Hunedoara (CEH) has sold its Mintia coal-fired power plant to Mass Group Holding, an Iraqi company with headquarters in Jordan, for EUR 91.2 million. The buyer is required to invest in a new power generation unit that will mainly use natural gas and renewables.

The Mintia thermal power plant, with five coal-fired units totaling 1,285 MW, was shut down in July 2021, having failed to meet EU environmental standards, according to Romanian media. The plant is located near the city of Deva on the bank of the Mureş river.

The 1,285 MW Mintia power plant was shut down in July 2021

The Romanian government has recently decided to push back its coal phaseout deadline from 2030 to 2032 due to the ongoing energy crisis. The cabinet also decided not to dismantle some of the thermal power plants it closes, opting instead to keep them in reserve.

Romania has pushed back its coal phaseout deadline from to 2032 amid the energy crisis

The Mintia transaction comes with strings attached, imposed by the Romania’s energy ministry, as a shareholder. These include the obligation for the buyer to complete a new 1,290 MW power unit, of which 800 MW is to be based on natural gas and renewable sources, by the end of 2026.

The buyer plans to invest over EUR 1 billion in Mintia in the coming years

“The investments in the modernization and development of the Mintia power plant in the coming years will amount to more than EUR 1 billion,” said Ahmad Ismail Saleh, chairman of Mass Group Holding, adding that this will include building new production capacities and bringing the plant into line with European standards for electricity generation from renewable sources.

The transaction was carried out through Mass Global Energy Rom, a firm set up for the purpose of the Mintia acquisition. Mass Group Holding’s head office is located in Amman, Jordan, but its power generation capacities, totaling 8.5 GW, are located mainly in Iraq. The group also produces cement, iron, and steel.

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

City of NiS starts development of Energy Transition Roadmap until 2050 tender

City of Niš in Serbia to develop Energy Transition Roadmap until 2050

26 September 2022 - The local team in charge of the project is seeking an experienced consultant to support the work, the deadline for offers is October 4

PPC progress Mesochora hydropower irrigation

PPC making progress with Mesochora hydropower, irrigation project

23 September 2022 - The environmental impact study for the Mesochora hydropower plant in Greece is finished and expropriation is advancing, a news report said

terra solar lebane investment

Terra Solar to install 8 MW solar power plant in southern Serbia

23 September 2022 - Representatives of the company Terra Solar visited the Municipality of Lebane to present the solar power plant project

Macron France solely renewables nuclear alone

Macron: France can’t rely either on renewables or on nuclear power alone

23 September 2022 - President Emmanuel Macron inaugurated France's first offshore wind park and promised to speed up renewable energy and nuclear power projects