Memorandum of Understanding between ELCEN and Sage Geosystems regarding use of geothermal resources

Electrocentrale Bucuresti (ELCEN) signed on Tuesday a Memorandum of Understanding (MoU) with Sage Geosystens Incorporated, a US company that develops geothermal energy exploitation and storage technologies, in order to carry out a feasibility study on the implementation of geothermal resource utilization technologies within the centralized heating system in Bucharest, CE Report quotes Agerpres

The Memorandum of Understanding was signed by the general director of ELCEN, Claudiu Cretu, in the presence of the secretary for Energy of the United States of America, Jennifer Granholm, and the minister of Energy, Sebastian Burduja, on the sidelines of the P-TECC Ministerial Business Forum Business - Transatlantic Partnership for Energy and Climate Cooperation), event organized by the Ministry of Energy in partnership with the US Department of Energy on July 23-24 in Bucharest.

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