The Iernut power plant was evaluated at EUR230 million.
“We are awaiting a shareholder decision to take over the Iernut plant. We hope this will happen this year. We are prepared for the takeover,” Romgaz deputy general manager Adrian Lucian Stancu told MEDIAFAX.
Electrocentrale is a branch of thermal power producer Termoelectrica, owned by the Economy Ministry, which is majority shareholder of Romgaz as well.
In June 2010, the Economy Ministry launched a draft government decision referring to the transfer of the Iernut plant from Electrocentrale to the gas producer, to cover a debt of 405 million lei (EUR95.5 million), owed in unpaid gas bills, added with VAT and penalties.