“The subsidiary owns and operates the Company’s cogeneration balancing plant, located in Fagaras, Romania, having an installed capacity of 13.2 MW of electricity. The plant, which was acquired in October 2022, completed its revamping process in March 2024 and commenced commercial operations in June 2024. C.N.T.E.E. TRANSELECTRICA issued the system services balancing certification in May 2024, while the plant commenced commercial electricity balancing operations in early July 2024,” Premier Energy said in the report.
Premier Energy started on the main market of the Bucharest Stock Exchange at the end of May, where it has a market capitalization of RON2.6 billion.
(English version by Loredana Fratila-Cristescu)