March 7 (SeeNews) - Romania’s Electrocentrale Craiova, a spin-off of state-controlled energy company Complexul Energetic Oltenia (CE Oltenia), said it launched a tender for the construction of a 295 MW gas-fired combined heat and power plant (CHP) with an estimated budget of 1.08 billion lei ($235.6 million/216.6 million euro).
The new cogeneration unit will replace existing coal-fired energy capacities in Romania’s southern city of Craiova, Electrocentrale Craiova said in a tender notice published on the country's public procurement portal, SEAP, on Wednesday.
The five-year contract encompasses both the design and construction of the CHP.
The financing was secured through Romania’s National Recovery and Resilience Plan (NRRP), with 825.8 million lei coming from non-reimbursable EU funds, the energy ministry said in June 2023, after signing the financing agreement with Electrocentrale Craiova.
Bidders will be able to submit offers by April 15. The offer price carries a 40% weight in the total evaluation, with the remaining criteria focused on the technical performance and the efficiency of the CHP. Eligible bidders must have recorded an average annual turnover of at least 1.616 billion lei for the last three years.
Electrocentrale Craiova was founded in August 2022 as a result of a spin-off process at the Craiova II power plant, according to the website of local investment fund Fondul Proprietatea [BSE:FP] which owns a 21.56% stake in the company. CE Oltenia is undergoing a restructuring process approved by the European Commission in January 2022 that is targeting the phase-out of lignite-based electricity production facilities.
Fondul Proprietatea shares traded 0.75% lower at 0.4635 lei as at 1053 CET on Thursday on the Bucharest Stock Exchange.
(1 euro=4.9718 lei)
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