CEZ Bids to Build New Borzesti Power Plant With Romania's Termoelectrica

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CEZ Bids to Build New Borzesti Power Plant With Romania's Termoelectrica

Czech leading power producer CEZ said it has filed a bid to partner with Romania's Termoelectrica to build a new block at a Romanian state-owned power plant in the town of Borzesti, expanding its presence in the EU newcomer, the Thomson Financial is reporting today.

CEZ did not disclose details of the bid in its statement.

In June, CEZ said the new 400 to 500 megawatt block would be gas- or coal-fired.

Last week, CEZ bid to become a strategic partner with Termoelectrica to modernise a 535 MW power plant and possibly build a new plant in Galati.

In November, CEZ was selected as one of the partners to build two 720 megawatt units in a joint venture with Societatea Nationala Nuclearelectrica at the existing Cernavoda plant, a project valued at 2.2 bln eur.

CEZ already owns Romania's national energy distribution company Electrica Oltenia, which had operating profit of around 2 bln crowns in 2006.

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