Romania's Romgaz says Spanish contractor for Iernut power plant lags again behind schedule
<p>Romania's natural gas company Romgaz (BVB: SNG) announced that the Spanish contractor Duro Felguera dedicated only 70% of the resources pledged under the contract for the completion of the Iernut gas-fired power plant, and consequently, only 91% of the project was so far completed, according to <a href="https://www.zf.ro/companii/romgaz-necesara-organizarea-mobilizarea-exceptionala-partea-22462593?mc_cid=fa50a7d8ed&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> quoting the Romanian company's H1 financial report.</p>

<p>Progress of the New Works Contract, signed on March 31 this year with the Spanish company, was only 54.8% at the end of July 2024, the Romgaz documents state.</p>

<p>Some procurement procedures were, in turn, postponed by appeals or took longer for clarifications, the company explains.</p>

<p>Romgaz says that exceptional mobilization from the Spanish at Duro Felguera is necessary to finish the project on time, namely in 2024.</p>

<p>Started in 2016, with a completion date of 2019, the Iernut plant is not yet ready.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com" rel="noopener" target="_blank">Sasa&nbsp;</a></em><i><a href="https://www.dreamstime.com" rel="noopener" target="_blank">Maricic/Dreamstime.com</a>)</i></p>