Over 2 GW of new gas-fired generation capacity expected in Romania this year

State-controlled gas company Romgaz (BVB: SNG) announced on January 5 a firm commitment to commission the 430 MW gas-fired power plant at Iernut by the end of the year. The Jordan-based Mass Group announced a day later that it secured USD 500 million financing from UAE-based Emirates Islamic for the 1.7 GW gas-fired plant Mintia, scheduled for completion this year as well, according to Economica.net.

After Romania's power capacity increased by 2.8 GW following the completion of new solar, wind, and storage capacities, the country will increase its capacity to use natural gas ahead of the increased production planned by OMV Petrom and its partner Romgaz at the offshore perimeter Neptun Deep.