Construction works for USD 148 mln power plant kick off on Petromidia platform

The Kazakh-Romanian Energy Investment Fund (FIEKR) begins the construction of the cogeneration plant on the Petromidia platform, an investment of about USD 148 mln.   Established in October 2018, FIEKR is owned by KMG International (the owner of Petromidia, Romania's biggest refinery) and the Romanian State through the Energy Participation Management Company - SAPE. The Fund was a way for KMG International to settle a debt ...

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