The funds represent the second tranche of the non-reimbursable financing allotted for the gas turbines at the Iernut power plant.
The Economy Ministry, the majority shareholder of Romgaz, said in 2017 that would allot maximum RON320.90 million, from the account of the National Investment Plan (NIP), for the “combined cycle gas turbine (CCGT) power plant” – Iernut investment
On November 3,2020, Romgaz’s Board of Directors elected Marius Aristotel Jude as Chairman, after the mandate of Manuela-Petronela Stan-Olteanu ended.
On October 25, 2020, Romgaz shareholders approved the extension of the mandates of the provisional Directorate members by two months from their expiration date.
Romgaz is 70% owned by the Romanian state, through the Economy Ministry, and 12.74% held by Romania’s future retirees through all the seven pension funds operating on the Romanian mandatory segment known as Pillar II.
Romgaz reported a net profit of RON801 million in January-June 2020, down 18% on the year, and a turnover of RON2.2 billion, down 24% on the year.