OMV Petrom's Power Plant To Start Production In Second Half Of 2012
The thermal power plant built by oil company OMV Petrom (SNP.RO) in southern Romania will most likely start activity in the second half of 2012, after technical difficulties, according to a news release issued Friday by Austrian OMV.
In January, Petrom announced some technical difficulties at the Brazi thermal power plant. At that time there was no date specified for the start of activity at the unit.
People close to the matter had previously told MEDIAFAX that production would start in May, with an approximate one-year delay.
Construction on the thermal power plant started in 2009 and it was completed in 2011, following an investment of EUR500 million.
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