Strategic Energy Project Developed through a Public–Private Partnership
The Cogeneration Power Plant on the Petromidia platform represents a benchmark energy project at the national level, playing a key role in the modernization of Dobrogea’s energy infrastructure and in enhancing the operational performance of Romania’s largest refinery, as well as one of the most complex refineries in South-Eastern Europe.
Construction of the plant commenced in May 2021 and was coordinated by Rompetrol Energy, a member company of the KMG International Group (Rompetrol) and the implementation vehicle for energy investments carried out through the Kazakh-Romanian Energy Investment Fund (KREIF). By the end of 2025, the project was completed and formally accepted, and the plant entered commercial operation, with Rompetrol Energy becoming its exclusive operator.
On 19 August 2020, the Kazakh-Romanian Energy Investment Fund signed the EPC (Engineering, Procurement and Construction) contract with Calik Enerji (Turkey) for the turnkey delivery of the cogeneration power plant, as well as the LTSA (Long Term Service Agreement) with Siemens Energy, aimed at ensuring the long-term maintenance of the gas turbines. The implementation of these contracts enabled the delivery of the project in full compliance with the assumed technical and efficiency parameters.
Investment Built on Continuity and Local Expertise
The new power plant was developed in partnership with the Midia Thermal Power Plant, an entity owned by the Ministry of Energy (56.58%) and KMG International (43.42%), strengthening cooperation between the public and private sectors in the energy field.
The investment is of a brownfield nature, capitalizing on the technological assets taken over from Midia Green Energy (formerly the Midia Thermal Power Plant), as well as on the experience of specialized personnel. This approach facilitated the rapid integration of the plant with the Petromidia refinery and the National Power System (NPS), reducing commissioning timelines and operational risks.
