Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Mintia, Europe's largest gas-fired power plant, to be...

Mintia, Europe's largest gas-fired power plant, to be fully completed in 2026

February 13, 2025

Mintia, the largest gas-fired power plant in Europe, will be fully completed in 2026, and by the end of this year at least 1,000 MW of capacity should be already connected to the grid, Energy Minister Sebastian Burduja told a press conference on Thursday."My favorite watchword this year is: investments, investments, investments. If we want Romanians to have safe, accessible and clean energy, we must make investments. Every megawatt we add to the national energy system means the chance for Romanians and Romanian companies to have lower bills. Last year we commissioned somewhere around 1,200 MW of capacity, I think this is more than in the previous four years combined. This year we plan to double our performance to somewhere around 2,500 MW. Based on Transelectrica and industry data, we could even reach over 3,800 MW. (...) Many of the investments are underway and depend on the seriousness of those who implement them, and of those who provide financing. At least as far as the projects financed by the Energy Ministry are concerned, our guarantee is that they will receive support in a very short time," Burduja said.In this context, the minister mentioned a series of investments, such as the Navodari cogeneration plant (72 MW) and the Iernut plant, with over 95% completion rate."In June this year we should have 430 MW of capacity at the Iernut gas-fired facility, as you well know. There are also a few more somewhat smaller investments: the heat and power plants CET Arad, CET Oradea, CET Brazi, CET Arad Hidrocarburi, CET Palas in Constanta. All these projects should be completed by the end of this year, although for example Constanta and Arad have the middle of next year set as a deadline under the NRRP. In Constanta the completion degree today is 50% and there are high chances that it is finalized this year. (...) Mintia will be the largest gas-fired power plant in Europe, which will be ready in 2026, and having an extra 1,091 MW this year would be a fantastic help for next winter," Sebastian Burduja said.He also mentioned wind power capacities, which are largely private investments. Thus, about 529 MW should be put into operation in 2025, of which 65 MW are financed through the NRRP, while on the storage side the estimate is 600 MW of installed capacity, which, according to the minister, means somewhere around 1,200 Mwh.   (Photo:https://www.youtube.com/watch?v=vpjzwvIBbXI)     

Read in full - click here
ANIS cautiously optimistic for Romania's IT market after under-potential growth in 2024

The Romanian software and IT services industry continued its growth trajectory in 2024, exceeding the EUR 17.7 billion turnover threshold, a nominal increase of over 13% y/y or EUR 2.1 billion compared to the previous year, according to data presented by Diana Şipoş, executive director of the Employers' Association of the Software and Services Industry […]

Romania’s Digi reportedly plans IPO for Spanish unit valued at EUR 2.5 bln

Romanian telecom operator Digi Communications (BVB: DIGI) plans to list its Spanish subsidiary in an initial public offering (IPO) expected to value the business at around EUR 2.5 billion, Profit.ro...

Fitch affirms Romgaz at Romania's sovereign level on 'transformational' Neptun Deep project

International rating agency Fitch has affirmed the issuer default rating (IDR) of Romanian state-controlled natural gas group Romgaz (BVB: SNG) at BBB-/negative, in line with the country's sovereign, the highest rating the agency could have assigned to the company.  However, Romgaz's BBB- rating benefits from a one-notch uplift from its bb+ Standalone Credit Profile (SCP) […]

ICSID rejects Romania's call to terminate Eurohold's EUR 500 mln arbitration request

The International Center for Settlement of Investment Disputes in Washington (ICSID) rejected the Romanian government's request to terminate the arbitration case filed by the Bulgarian group Eurohold (Eurohold Bulgaria AD) and its insurance arm Euroins Insurance Group (EIG) due to the withdrawal of the license and the declaration of bankruptcy of Romanian subsidiary Euroins Romania […]

Holcim taking over Xella in global deal impacts Romanian market

Swiss cement producer Holcim has signed a binding agreement to acquire Germany’s Xella Group, one of the largest players in Romania’s construction materials industry, Profit.ro reported. The deal, valued at EUR...

CFA Romania macroeconomic confidence index up 0.3 points m/m to 37.5 in September

The macroeconomic confidence indicator compiled by the CFA Romania Society increased marginally by 0.3 points month-over-month (m/m) to 37.5% points in September, thus remaining in the negative territory of the 0-100 scale, not far from the values seen over the past year and a half.  While the expectations showed no visible trend over the period, […]