The extension follows a government decision, which amended previous legislation regarding CO2 certificate allocation to electricity producers. The decision extends the completion period for investments financed from the National Investment Plan until December 31, 2026, and the reimbursement period until June 30, 2027.
The addendum modifies the contract term and investment schedule while maintaining the December 31, 2026 deadline for project completion and commissioning.
The combined cycle power plant represents part of Romania's energy infrastructure development under the National Investment Plan. The project was initially announced in December 2017 when the original financing contract was signed.
The extension provides additional time for expense reimbursement while keeping the construction completion timeline unchanged.
