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Funding period

Showing all data for 2014–2021

Renewable Energy, Energy Efficiency, Energy Security Completed

Increasing geothermal energy production for consumers in the tourist area of Tasnad City

SC TRANSGEX SA ·Romania

€1.2m
Grant awarded
Renewable Energy, Energy Efficiency, Energy Security
Programme
31 May 2022
Signed

About this project

<p>SC TRANSGEX SA, a Romanian joint stock company, specializes in the extraction of geothermal water, which it uses for providing sanitary hot water and heat to the public. With over 50% of Romania's geothermal resources under its licenses, TRANSGEX SA plays a crucial role in the country's geothermal energy sector. This project aims to increase the production of renewable energy from geothermal sources in Tasnad City while reducing CO2 emissions. By drilling a new geothermal well and installing infrastructure, the project plans to provide thermal comfort to private buildings, a swimming pool, and a future sports center for 25 years. While the project's profitability indicators are modest, it significantly contributes to green energy production, emissions reduction, and local employment, making grant support crucial for its implementation.</p> <p>Included in this project is a series of key activities, including:</p> <p>- Project Management</p> <p>- Project Publicity</p> <p>- Investement activity</p> <p>- External Financial Audit</p>

Project partners

  • Tasnad Cityhall Project partner· Romania