Order to start the works on Iernut Power Plant

Societatea Nationala de Gaze Naturale “ROMGAZ” S.A. (ROMGAZ) informs its shareholders and investors regarding the handover by Iernut Power Plant Branch to the executor Duro Felguera S.A. of the site for starting the works to accomplish the investment objective: "Development of Iernut Power Plant by Building a New Combined Cycle Gas Turbine Power Plant ".

The Handover Protocol/Report of the site, concluded on August 1, 2023, constitutes the Order to start the works on the objective.

In compliance with the provisions of Law No. 24/2017 and F.S.A. Regulation No. 5/2018, S.N.G.N. ROMGAZ S.A. informed its shareholders and investors upon the signing on April 3, 2023 of the Procurement Contract No. 40928/April 3, 2023 with Duro Felguera S.A., having as scope ”Completion of works and commissioning of investment objective: «Development of Iernut Iernut Power Plant by Building a New Combined Cycle Gas Turbine Power Plant»”.

The deadline for completion of the investment objective is 16 months from the date of the works start order, with the possibility of extension according to the provisions of the contract.

For more details and the statement of ROMGAZ CEO, Mr. Răzvan POPESCU, please see the press release below.