The plan appears in a document through which shareholders in Vest-Energo are asked to approve participation by 2% in the capital of project firm CET Colentina.
“Vest-Energo will team up with another firm that will secure funding. I am in talks with two firms, I have several options. Nothing has been signed, yet,” Constantin Bucur told ZF.
Should it get construction authorizations, the new natural gas-based cogeneration station will have installed electrical power of 22 MW and a thermal production capacity of 40 Gcal per hour. Bucur mentioned that total investments would amount to some EUR30 million, largely carried out by the partner company.
After the project is completed, Vest-Energo will gradually buy out the other stock to eventually become a single shareholder.
Colentina, where the new station would be located, is part of Bucharest’s district 2. The district is located in northeastern Bucharest and includes Piata Obor and Pantelimon.
Bucur previously stated his intention to build a thermal power station in northern and northeastern Bucharest. “The area is uncovered, heat is pumped from the south,” Bucur also said referring to CET Sud, the biggest of the stations producing hot water for Bucharest and that belongs to Electrocentrale Bucuresti.
CET Vest-Energo, the current station owned by Bucur, was built through a EUR30 million investment on the site of an older station that fuelled Militari industrial platform.
(English version by Catalina Apostoiu)