OREANDA-NEWS. March 30, 2011. The volume of investments into construction of the plant is planned to total 615 million euros. It was said during the Moldovan-Czech energy forum taking place in Chisinau.

It was said that building of this thermal power plant would begin after the Moldovan party solves the issue of interconnection to Romania’s electricity networks for the plant to be able to export electric power to the European Union states. It is planned that the power plant construction project will be totally implemented within 3 years.

The plant will be working not with the natural gas, but with goal and biomass. It should be noted that the decision on construction of the power plant in the Ungheni region was signed in December 2008 by Moldova’s government and the United Energy Moldova s.r.o company, a member of the Czech company J&T Finance Group. It was said then that it would be the biggest investment project in the energy sector since Moldova’s independence was declared. The power plant will be built in the sub-zone of the free economic zone “Ungheni-Business” specially created for that.

Equipment of the Czech company Skoda Power and Slovenian company Slovenske energeticke strojarne (SES) will be used at the plant. The power plant is planned to be compensated for 10-15 years. The power plant’s capacity may be enlarged in future by construction of another two blocks. Under the agreement, the Czech company will be supplying at least 735 million kilowatt-hour of electric power to Moldova’s energy system a year, making up about 20% of the total volume of home consumption.

The rest of the electricity volumes are to be exported to Romania and other EU states. To do that, the company plans to build a high-voltage 400 kilowatt transmission line Ungheni-Iasi. The Czech company J&T Finance Group is the largest investor and implements long-term projects in the energy sector in the Central Europe. Its turnover exceeds 1.2 billion euros.