Romania's Romgaz pays more to have 430 MW gas-fired power plant ready by mid-2025
<p>Romania's natural gas group Romgaz (BVB: SNG) reached an agreement to increase by RON 10.3 million (EUR 2 million) the value of the contract with troubled company Duro Felguera of Spain, which is building the 430 MW Iernut gas-fired power plant. The money will go to General Electric, a subcontractor of Duro Felguera.&nbsp;</p>

<p>The new generation capacity, a EUR 270 million investment, was supposed to be ready five years ago, and Romgaz hopes to have it operational by the middle of the year.</p>

<p>"The Romgaz team managed to conclude tripartite agreements with Duro Felguera and General Electric today, which will ensure a better implementation pace for the remaining work to be executed (approximately 3%)," the company announced in a note to investors.</p>

<p><em>(Photo: Romgaz on Facebook)</em></p>

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