Romanian state-owned energy company Complexul Energetic Oltenia signed an agreement with China Huadian Engineering to create the Rovinari 500 MW power plant, and created the joint company Independent Power Producer (IPP).

The project will require investments of USD 1 billion. The Chinese company became bid winner for the project back in 2012, but it took 2 years to sign an agreement.

Other Chinese companies have won or stated interest in the Tarnita power plant – a EUR 1.5 billion investment, and in the USD 4 billion reactors 3 and 4 at the Cernavoda nuclear power plant.

editor@romania-insider.com