Romgaz and the association of Duro Felguera and Romelectro signed a EUR268.8 billion contract in 2016 for the construction of a 430 MW new thermal power plant in Iernut, which was supposed to be completed in 2019.
In the latest installment of the Iernut power plant scuffle, Romgaz said Friday the parties have signed a memorandum establishing the conditions under which works on the power plant could be continued and completed. An addition to the initial contract is now set to be signed on June 2.
At the beginning of April, Romgaz said it was terminating the contract as the executor had failed to meet its contractual obligations in due time, but then put the termination decision on hold and successively extended the hold period while it negotiated terms to have the project finalized.
The combined cycle gas turbine power plant in Iernut could be completed sometime in summer 2022.