Romgaz terminated the contract for the construction of the Iernut thermal power plant

Started in 2016, the construction of the Iernut thermal power plant suffered several problems, so Romgaz is now announcing the termination of the contract with the builder, the Duro Felguera-Romelectro association.

In this sense, the national gas company sent an information to the Bucharest Stock Exchange.

“Termination of the Works Contract no. 13384/2016, having as object the Development of CTE Iernut, through the construction of a 430 MW thermal power plant, with combined cycle with gas turbines, concluded between SNGN Romgaz SA, as Purchaser and the Association formed by Duro Felguera SA and Romelectro SA, in as Executor

In accordance with the provisions of Law no. 24/2017 and art. 234 para. (1), of the FSA Regulation no. 5/2018, SNGN ROMGAZ SA informs the shareholders and investors on the fact that, starting with June 17, 2021, the Works Contract no. 13384/2016, having as object the Development of CTE Iernut, through the construction of a 430 MW thermal power plant, with combined cycle with gas turbines, ceased by termination, motivated by the non-completion in time, by the Executor, of the construction and commissioning works. function of the investment objective.

Termination of the Works Contract no. 13384/2016, starting with June 17, 2021, intervened as a result of the fulfillment of the term for suspending the termination notification, without the parties having reached the agreement of a solution to ensure the completion and commissioning of the investment objective, in as short as possible ”.


Source: Jurnalul.ro by jurnalul.ro.

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