The Kazakh-Romanian Energy Investment Fund (FIEKR) signed with Turkish group Calik Enerji the EPC (Engineering, Procurement and Construction) contract for the turnkey construction of a cogeneration plant on the Petromidia platform.

FIEKR is 80% owned by KMG International while the Romanian state holds the remaining 20% through Societatea de Administrare a Participațiilor în Energie - SAPE.

The fund's total investment in the new power plant amounts to about USD 148 million, and the estimated term for the commissioning of the new plant is the first half of 2023. The construction will start in the last quarter of this year, with land preparation and engineering works scheduled in the first phase.

The Turkish contractor was selected out of nine international companies that expressed interest in this project.

The new combined electricity and heat production plant will use natural gas as the main fuel and will have two high-efficiency, high-performance Siemens turbines and two heat recovery boilers in the technical configuration. They will generate about 80 MW of electricity, of which about 60-70 MW to fully cover the Petromidia platform's electricity needs, up to 180 tons/hour of technological steam, and up to 20 MW of hot water for Navodari's heating system. The surplus generated by the new plant will be sold on the domestic market.

editor@romania-insider.com

(Photo source: Facebook/Rompetrol-KMG International)