InterAgro group, owned by Romanian
businessman Ioan Niculae, will invest EUR 72 million in building co-generation
power plants on industrial platforms across Romania and hopes to recover the
investment in five years.
The co-generation plants
will be built in Muntenia, Moldova and Transylvania and will have a total power
of 81 MW. They should fuel the factories which run on industrial platforms. The
group already runs two co-generation power plants in Zimnicea, and one of them
serves the group’s biofuel factory.
The group also plans to
finalize the EIR 20 million co-generation power plant in Turnu Magurele, which
will provide energy for the Donau Chem factory.The group is also working on a
EUR 12 million co-generation plant in Bacau, a EUR 16 million one in Piatra
Neamt and a EUR 12 million on in Fagaras.
InterAgro wants to increase
its energy efficiency and reduce costs. The group runs businesses mostly in the
agriculture sector.