Cogeneration power plant
With an implementation period of four years, the cogeneration plant (which generates combined electricity and heating) will provide electricity and technical steam for the Petromidia platform.
The new plant will comply with the highest technological, energy efficiency and environmental standards, and will be built in cooperation with the Uzina Termoelectrica Midia Power Plant – currently owned by the Ministry of Energy (56.58%) and KMG International (43.42%). It will work with natural gas as main fuel and will be able to produce around 70 MWel power and 180 t/h technical steam for the use of Petromidia Platform processes.
On 19th August 2020 the Kazakh Romanian Energy Investment Fund signed with Calik Enerji (Turkey) the EPC (Engineering, Procurement and Construction) contract for the turnkey construction of the cogeneration plant on the Petromidia platform. The total investment in this project amounts to about 148 million USD, the estimated term for the commissioning of the new plant being in the first half of 2023. The project will generate about 11 million USD in taxes paid to the state budget each year.