Romgaz said it has temporarily suspended contract termination procedures at the contractor’s request, to allow the contractor to submit a plan for the completion of works.
Romgaz announced a week ago it was terminating the contract for the construction of a combined cycle gas turbine power plant in Iernut, central Romania, as the contractor, Duro Felguera and Romelectro in association, had failed to meet its contractual obligations in due time.
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. The new power plant was scheduled to be completed in 2019.