Strategic energy project in a public–private partnership
The Cogeneration Plant on the Petromidia platform is one of the most significant energy projects developed in Romania in recent years. It represents a strategic investment aimed at modernizing the national energy infrastructure and improving the operational efficiency of Romania’s largest refinery — also one of the most complex in Southeastern Europe.
Construction of the new facility began in May 2021 and is coordinated by Rompetrol Energy, a company within the KMG International Group (Rompetrol). Rompetrol Energy was designated to implement this project through the Kazakh-Romanian Energy Investment Fund (FIEKR).
On August 19, 2020, the Kazakh-Romanian Energy Investment Fund signed an EPC (Engineering, Procurement and Construction) contract with Turkish firm Çalık Enerji for the turnkey development of the cogeneration plant. At the same time, it concluded a Long-Term Service Agreement (LTSA) with Siemens Energy, covering maintenance of the gas turbines.
An investment built on continuity and local expertise
The new power plant is being developed in partnership with Uzina Termoelectrică Midia, currently owned by the Ministry of Energy (56.58%) and KMG International (43.42%).
This is a brownfield investment, integrating assets transferred from Midia Green Energy (formerly Uzina Termoelectrică Midia), along with its personnel, who will operate the equipment of the new plant.
