Bucharest’s thermal energy supplier Radet will convert the heat power plant located in the Casa Presei building, in the north of Bucharest, into a cogeneration plant, Romania Insider reported.
The company’s board approved a EUR 8.21 million investment earlier in December, Agerpress said. The inhabitants in the north of the capital will mostly benefit from this investment, which will reduce the losses in the heat distribution network. The Bucharest City Council still needs to approve Radet’s budget for next year, which includes the investment for the power plant’s conversion. The company has been facing big financial problems and has been relying heavily on subsidies received from the city and the state government.