Representatives of Mass Global Energy Rom, the company that bought the Mintia power plant last year, announced on Monday an investment plan of more than one billion euros to transform the plant over the next 3 years, the government announced on Monday.

At a meeting with Prime Minister Nicolae Chuke at the Victoria Palace, “an investment plan worth over one billion euros was presented, which will transform the thermal power plant into the largest and most efficient gas-fired power generation capacity in Europe. Union.”

• “In this sense, the most modern technologies will be used, which will allow, according to the European taxonomy, to produce at least 1,500 MW. The first stage of investment will be completed within 24 months, and the project will reach full maturity in 36 months,” the Government press release said.

The components of the plant will be prepared for the transition to new hydrogen-based energy production technologies.

• “Gas from the Black Sea, which can already provide ten percent of annual domestic consumption, will turn our country into one of the largest gas producers in the EU in the coming years.
• The Mintia plant, which will use gas as a resource to produce electricity, will be able to take full advantage of these resources so that we can consolidate, on the one hand, our electricity production, ensuring domestic consumption, but also we can export, helping the Republic of Moldova and our partners from the European Union “, Prime Minister Chuke said.

Mintia thermal power plant bought by Mass Global Energy Rom

The Mintia thermal power plant was bought last year for EUR 91 million by Mass Global Energy Rom, part of Mass Group Holding, in a public auction announced last August by the receiver of Complexul Energetic Hunedoara SA.

• Read also: “Mintya” thermal power plant, put up for sale from open auctions at a starting price of 91.2 million euros / The Ministry of Energy presented the terms of the buyer

According to the source, taking into account the specifics of the asset, the Ministry of Energy, as a shareholder, proposed certain conditions to the investor in order to restore energy production in Mindia.

Thus, the buyer, Mass Global Energy Rom, has an obligation until December 31, 2026 to complete the investment to create a new energy capacity with an installed capacity of at least 1,290 MWh, of which at least 800 MWh is in gas and renewable energy.

The start of the investment will be possible after the authorities grant the necessary permits and approvals.

Mintia Thermal Power Plant consists of 3,297,807 square meters of land, buildings, and movable property and related equipment.

The public auction was held in the receiver’s office, where only one bidder appeared – a representative of the company Mass Global Energy Rom, created specifically for this acquisition.

This is the fourth auction for the operation of Mintyansk CHP.