Romanian state-run thermal power producer ELCEN and Japanese energy trader Marubeni signed last June an agreement for the construction of a EUR150 million thermal power plant in Fantanele (Mures county).
The power plant will be operated by a company that will split up from ELCEN, and whose majority shareholder will become the Japanese company.
ELCEN will be transferred from the Economy Ministry to Bucharest City Hall, following its merger with heating distributor RADET. It is the main thermal power supplier in Bucharest and Constanta cities.