CE Oltenia needs to adapt its development strategy to new trends and requirements and gradually reduce its coal-based power generation by developing renewable sources.
The energy holding’s restructuring plan includes building eight solar parks in Turceni, Rovinari and Isalnita, with a total installed capacity of some 700 MW, retrofitting and upgrading its micro hydropower plant in Turceni, with an installed capacity of 10 MW, and developing new natural gas-fired production units, with a total installed capacity of some 1,300 MW, in Turceni and Isalnita.
The government plans to aid CE Oltenia with grants and state-guaranteed loans in the period 2021-2025 to cover CO2 emission certificate costs and investments in existing assets. The aid is conditional on EU approval.