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Minister of Energy: A Norwegian company wants to invest 800 mln. euro in Romania

24 November 2021
Cogeneration
Bogdan Tudorache

A Norwegian company wants to invest 800 million euros in Romania in the production capacity of a fuel that can replace coal, the proposed Minister of Energy, Virgil Popescu, said on Wednesday. Most probable, the company in question is Arbaflame, whose representatives held meetings with the Romanian officials at the beginning of November.

“It’s a big Norwegian company that we negotiated with, we talked about. It wants to make more facilities for the production of this fuel that can replace coal, it’s a biomass-based fuel, but we’re not talking about wood, but a mixture of biomass,” Popescu said, during some press statements at the end of the hearings in the reunited specialized commissions of the Parliament, according to Agerpres.

This company wants to invest 800 million euros in Romania in 10 production facilities, he said.

“I sent them first to the Jiu Valley,” the government official added.

The Minister of Energy, Virgil Popescu and Bjorn H. Knappskog, general manager of the company Arbaflame, signed early November a letter of intent to transform the activity of the CET from Paroşeni into a sustainable one in terms of CO2 emissions, in in accordance with the objectives assumed by the Romanian Government for achieving the energy transition targets.

According to a press release from ME, the collaboration with Arbaflame, a Norwegian company, will involve replacing the coal that underlies the operation of the Paroşeni Power Plant with the pellets produced by Arbaflame, and, in the long run, includes the construction of a pellet production plant in Romania. These plants will use sustainable biomass resources, which will help reduce CO2 emissions by more than 90%.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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