Oltenia Energy Complex takes EUR 200 million from EBRD to modernize Turceni thermal power plant
State-owned power plant Oltenia Energy Complex signed EUR 200 million worth loan contract with The European Bank for Reconstruction and Development-EBRD for modernizing workings at the sixth power group of Turceni thermal power plant. 2014-01-30 14:32:04
The negotiations were run for a year and the loan didn't demand state warranties, according to a statement of Laurentiu Ciurel, the general manager of the company. The investment will be run on four years. "In the last six years, the complex invested over EUR 540 million in necessary workings in order to align to the UE standards," Ciurel said.
Minister Delegate for Energy Constantin Nita said that, by 2030, all European countries should reduce their emissions by 40 percent. "This means that, all the coal groups in Romania should be modernized. We started with Turceni, we will continue with Mintia-Deva and the Rovinari group will be made with Chinese partners," the minister said within the press conference announcing the loan agreement.
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