Energy supplier and distributor Electrica announced that it had signed, in the presence of the Minister of Energy, Bogdan Ivan, a Memorandum of Understanding with gas producer Romgaz regarding the joint development of capacities for the production and storage of energy from renewable sources with a total installed power of up to 400 MW, exclusively through Greenfield projects, according to a statement issued on Tuesday.
“The two companies will initiate a collaboration model to implement a common vision: the integrated development of a 400 MW capacity in renewable energy. This initiative is based on the convergence of the operational skills and energy production capacity of the two companies, generating a distinct value proposition on the regional market. The partnership will be implemented through a dedicated investment vehicle, in which Electrica will play the role of the main developer, and Romgaz will act as a minority...