Transelektro signs 36.5 mln contract to rebuild Romanian power plant
Tuesday, November 8, 2005, 16:34
Transelektro Energy and Environmental, a member of Hungarian engineering group Transelektro, signed a 36.5 million contract on Tuesday to rebuild a power plant in Zalau, Romania, news service MTI reported. Transelektro's share of the contract is worth 31.025 million, and the rest will go to Romania's Romelectro.
The project will see two of the 24 MW plant's four coal-burning blocks converted to biomass blocks and their capacity boosted to 50 MW. The project will be completed in Q1 2007.
The contract is Transelektro's second big deal in the region in a little more than a month. At the beginning of October, Transelektro won a 21 million contract to rebuild a power plant in Tuzla, Bosnia. Transelektro Energy and Environmental expects revenue of Ft 12 billion this year, well over last year's Ft 10.6 billion.