OMV Petrom resumes operations at the Brazi power station

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OMV Petrom resumed operations at its Brazi power plant, but it will still operate at half of the capacity, respectively 420 MW, informs the company, through a statement issued to the Bucharest Stock Exchange (BVB). According to the quoted source, the Brazi power plant was restarted, after it successfully passed the appropriate tests.

“As we have already said, following the failure of the steam turbine transformer, in April 2017, coupled with the previously announced failure of a gas turbine transformer, the Brazi power plant has become completely unavailable. After replacing the steam turbine transformer, the plant resumed operations and is currently available at half of the capacity (420 MW)”, it is shown in a release quoted by Agerpres.

OMV Petrom estimates that the plant will be available at full capacity in October, after replacing the gas turbine transformer. “As also reported by REMIT, we estimate that the plant will become fully available in October 2017 after replacing the gas turbine transformer. OMV Petrom will then communicate any relevant changes”, said the company.

On April 26th, OMV Petrom announced that, by the end of July, the Brazi power plant would not be available due to a fault in the steam turbine transformer. “On the basis of preliminary data, the current estimate is that the plant could not be available until the end of July 2017”, according to a press release issued by OMV Petrom to the Bucharest Stock Exchange (BVB).

OMV Petrom is the largest integrated oil group in South East Europe with an annual oil and gas production of about 64 million boe in 2016. The group has a refining capacity of 4,5 million tons per year and operates a high efficiency power plant of 860 MW and a 45 MW wind farm. On the petroleum products distribution market, OMV Petrom is present on the Romanian and neighboring markets through 784 gas stations at the end of March 2017, under two brands, OMV and Petrom.

OMV, one of the largest listed industrial companies in Austria, owns 51,01% of OMV Petrom, the Romanian state through the Ministry of Energy, holds 20,64%, Fondul Proprietatea holds 12,57%, and 15,78% are freely traded on the Bucharest Stock Exchange and the London Stock Exchange.

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