“A big part of this investment plan is the construction of the gas-fired electricity plant in Iernut, nearly half of the total budget, around RON700 million, is allocated to Iernut. The rest of the money will be allocated to exploration, development, production and growing storage capabilities,” said Romgaz financial manager Andrei Bobar.
In the first half of the year, Romgaz invested RON653 million, triple compared with the same period last year. Of the total, 74% went into technological and equipment, 1% into storage capabilities, and 25% into geological exploration works.