This project, currently in its preliminary study phase, entails an investment of approximately EUR2.2 billion over a period of 10 years and is part of CRC Group’s long-term strategy to support the reindustrialization of the country using modern and sustainable technologies, Chimcomplex said in a report to the Bucharest Stock Exchange.
“Our participation in this tender represents a first step in a broader project dedicated to developing the modern chemical industry in Iasi. It is important to emphasize that our interest is not in the heating sector per se, but in supporting a major industrial project,” Chimcomplex chairman Stefan Vuza said.
“This project involves the construction of a high-efficiency cogeneration plant in Holboca, which will serve the new ‘Iasi Biochemistry Plant’. The plant will generate both electricity and heat for the complex, with any excess thermal energy being supplied to the city’s heating system at a very low cost, nearly zero.”
The eight factories on the industrial platform will use only biochemical technologies, hence the name. The large-scale production platforms will remain in Onesti and Valcea, and a Research Center will also be established in Buzau.
“The cogeneration plant will be dedicated to producing electricity and heat for the new industrial complex, but a significant portion will be allocated to providing hot water for the city. This will allow us to subsidize the cost of delivering thermal energy to the city. Of course, the final price for citizens will include a distribution cost, which is beyond our control. However, the final price will be the lowest in Romania, and the City Hall will no longer need to allocate funds for subsidies,” Chimcomplex officials added.
(English version by Loredana Fratila-Cristescu)