Thursday, April 22, 2010

CEZ Installs 70 Wind Turbines in Romania, Awaits Grid Approval

April 21 (Bloomberg) -- CEZ AS, the Czech Republic’s biggest power producer, installed 70 wind turbines in Romania as part of a 1.1 billion-euro ($1.5 billion) wind-park project.

The turbines, which have an installed capacity of 175 megawatts, will start generating power as soon as Romania’s state-owned grid operatorTranselectrica SA agrees to connect them to the national network, CEZ’sRomanian unit said in a statement on its Web site.

The planned 600-megawatt wind farm, called Fantanele & Cogealac, is located in Romania’s southeastern Dobrogea region near the Black Sea and will be ready in 2011.

“The decision which lies with Transelectrica is extremely important, considering that just the first stage of the project, namely the Fantanele one, will bring a 347.5-megawatt wind installed capacity to the Romanian energy system,” CEZ Romania said in the statement.

The windy Dobrogea region has also attracted investment from Spain’sIberdrola SA, which won approval to build the world’s largest onshore wind-energy project in the country. Iberdrola plans 50 Romanian wind parks at a cost of at least $2 billion through 2017, according to analyst estimates.

To contact the reporter on this story: Irina Savu in Bucharest

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