Direct cost stood at EUR1.419 million per MW. The project was financed from the own sources of Electrocentrale Grup SA, owned by the Ministry of Energy, Small and Medium-sized Enterprises and Business Environment. The solar park stretches on a 39,365 sqm-land owned by the company.
Energy Ministry representatives said the total amount spent on the project was nearly 12% lower than costs estimated through the General Evaluation in the Feasibility Study and nearly 15% lower than costs estimated in the Annual Plan of Public Investments for 2014 and the budget of revenue and expenditure of Electrocentrale Grup approved for 2014.
Electrocentrale Grup was founded in 2013, by splitting Termoelectrica, before undergoing dissolution/liquidation, in accordance with the commitments undertaken by Romania toward the International Monetary Fund (IMF), the World Bank (WB) and the European Commission.