Romanian group InterAgro Group has built a power generation unit in the Donau Chem chemical plant in Turnu Măgurele, on the banks of the Danube in Southern Romania. The power plant has 20 MW output capacity and was realized with an investment of EUR 21 million by InterArgro Group, which is owned by Ioan Niculae, according to local news service Ziarul Financiar. The power plant was commissioned at the end of last week.

The co-generation power plant runs off coal and methane gas, both imported. The installation of the power plant will reduce the energy costs for the chemical producer, which supplies fertilizers for agriculture.

InterAgro Group is owned by Romanian businessman Ioan Niculae.  Its main activity is in the external trade of agricultural chemical fertilizers, but also operates in other fields, such as the cultivation of cereals, technical plants and the food industry.

editor@romania-insider.com

photo source: interagro.ro