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| CEZ Group and Electrocentrale Galati to establish JV in Romania Czech power group CEZ and the Romanian companies Termoelectrica and Electrocentrale Galati have signed the Memorandum of Understanding for Galati project. The signed Memorandum defines all the necessary steps to establish the joint venture (JV) company between CEZ and SC Electrocentrale Galati SA, in which CEZ will be the majority shareholder. The JV has the scope of modernization of the existing power plant and construction of a new unit. Preliminary, it is presumed that an up to 400MW gas power plant will be constructed. However, the final version of the project shall be known only after the feasibility study is developed. The amount of the CEZ's investment in the project shall arise from it. write your comments about the article :: © 2008 Construction News :: home page |