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Romelectro won contracts of over 20 million euro with Transelectrica and Hidroelectrica
The Romelectro company,the biggest contractor of energy projects in Romania is going to sign contracts cumulated of over 20 million euro with Transelectrica,for the electrical units in Focsani Sud, Bacau Sud and Roman Nord as well as with Hidroelectrica, for the modernisation of the Slatina hydropower station, announced Cristian Secosan, general manager of the Romelectro group, in a meeting with the press.
For this year, the company estimates a turnover of over 80 million euro with almost 60% higher than that made last year.
‘2017 was a year of growth for Romelectro. We continued to reorganise the company and the group of companies Romelectro, managing more important contracts both in the country and abroad by the higher degree of internalisation of the activities. On the foreign market, we are present in Kosovo and Egypte, where you know we have set up a branch in each country and in Saudi Arabia where we set up a company Romelectro Arabia LLC where we are majority shareholder’ he added.
As regards the plans for next year, the company wants to grow the degree of integration and internalisation at the level of the Group Romelectro and on the international market they intend to establish partnerships with the big players on the market.
The Romelectro officials say that on the international market the Romanian entrepreneurs should be supported the governmental environment.
‘The international affairs develop in a strong competitive environment where – in many countries and regions – support on the part of a state institution is essential in getting the contract. It does not matter if the entity which benefits from the support is state-run or private. We have to mention the financial support that a Romanian exporter should have’ Secosan says.
As regards the Romgaz thermal power unit from Iernut, a new group on gas in combined cycle of 430 MW, the biggest greenfield project of electricity promoted and started by a state-run company after 1989, this being ready until 31 December 2019.
‘In Iernut we need 600 – 700 workers, most with high qualification, for example welders. To cover this necessary, we will work with our partners’ Secosan said.
Next year, in Q1, Romelectro will finalise the thermal power station Burullus in Egypte where they build a block of 1,200 MW. Contract in partnership with SAEM Energomontaj.The block has been functioning in simple cycle getting into the system 800 MW.
Next year, the company will sign a contract, the hydro works on the Jiu, between Livezeni – Bumbesti, which includes two power stations CHE Dumitra, CHE Bumbesti and a micro hydropower station in Livezeni.
Another project which we finalise is the electrical power unit Bradu (400/220/110/20kV), an important part of the energy system.
Similarly, in Saudi Arabia the company is qualified at SEC Saudi Electricity Company and is going to get accreditation from other big companies in the kingdom (SABIC, Saudi Aramco)this being the condition to get in competition of contracts.
‘We are watching other works in Egypte, as well as in other countries in the area ex-Jugoslavia, a generous market in energy projects, but at the same time, difficult to get due to the local companies competition’ Secosan says.
The Romelectro group is contractor, developer and investor in projects in the domain of thermo-energy, hydro-energy, transport and electricity distribution, environment protection and industry.
Romelectro is made up of four Romanian companies, the company Romelectro SA and other three: the Institute for Studies and Projects in Energy (ISPE), CELPI and Electromontaj Carpati Sibiu.
Last year, the Romelectro Arabia company was set up, which is a judicial Saudi entity where Romelectro is majority shareholder. Moreover, Romelectro set up two branches in Egypte and Kosovo through which they manage the contracts underway in these countries.
The Romelectro group has almost 650 employees.