The company’s latest major project was the Iernut power plant of state-owned natural gas producer Romgaz, which was a failure given that works started in 2016, were scheduled for completion in 2019 and have yet to be finalized due to multiple problems.
Romelectro’s insolvency comes in an extremely complicated moment when Romania is in full energy transition, as one of the biggest challenges is to find workforce and the local companies able to carry out energy projects.