“Beside investments needed to complete the projects started on imposed deadlines, funds will also be allocated for projects aimed at reducing the impact of CO2 emission certificates on exploitation costs. Also, a coal briquetting station will be built with a view of obtaining green certificates and creating alternatives for coal sale and the creation of new jobs,” the company said in a statement.
The company, however, did not mention the value of investment in the future coal briquetting station. The project aimed at turning coal into briquettes, which will be further burnt in thermal power stations for the generation of electrical and thermal energy, was initiated in 2013.
CE Oltenia registered a turnover of RON2.6 billion in 2014 and expects a 7.6% higher turnover this year, to RON2.8 billion, as envisaged in the company’s budget of revenue and expenses.
Also, Complexul Energetic Oltenia estimates to produce 14 terawatt-hours of electricity this year, 5.2% more than 13.3 TWh in 2014. The company’s coal production is seen growing 14.8% this year, to 24.7 million tons, from 21.5 million tons in 2014.
CE Oltenia was founded in 2012 following the merger of mining company Societatea Nationala a Lignitului Oltenia and thermal power producers Turceni, Craiova and Rovinari. It operates 13 units with a total capacity of 3,900 megawatts.