State-run Romgaz (SNG.RO), producer and supplier of natural gas, has announced the termination with of the contract with Spain’s Duro Felguera for the completion of the thermoelectric plant in Iernut, Mures County, due to failure to meet contractual obligations and deadlines.
Romania Energy Minister Bogdan Ivan on Tuesday announced he terminated the contract with Duro Felguera, the builder of Iernut power plant, a unit that is over 90% completed, but has been blocked for several years because of the Spanish company’s insolvency and legal challenges.