Romanian energy producer CE Oltenia rehabilitates 9.9 MW hydropower plant under Modernisation Fund scheme
<p>Former Romanian state-owned coal and power group CE Oltenia will rehabilitate a 9.9 MW hydropower plant owned through its subsidiary Electrocentrale Turceni under the Modernisation Fund, the Ministry of Energy announced on December 9.</p>

<p>The project involves investments worth RON 46.9 million (EUR 9.4 million) TVA included, of which 65% is provided as a grant under the Modernisation Fund, <a href="https://www.economica.net/ce-oltenia-si-ministerul-energiei-au-semnat-un-contract-de-finantare-pentru-modernizarea-microhidrocentralei-de-la-turceni-cu-bani-din-fondul-pentru-modernizare_794111.html?mc_cid=b98de57f51&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Economica.net</a> reported. The grant is valued at RON 25.4 million or EUR 5.1 million.</p>

<p>The former coal and power group thus continues to diversify into renewable energy segments, while also bringing its older coal-fired units in line with the decarbonisation requirements.</p>

<p>The 330MW 5th unit of the Rovinari coal-fired power plant, within the Oltenia Energy Complex (CEO), was put into operation and connected to the national power grid in October after it was refurbished under a EUR 100 mln project.</p>

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

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