Hidroelectrica takes out EUR 32 million loan for one year
The largest Romanian energy producer, Hidroelectrica, has secured a EUR 32 million loan from RBS Romania. The money will be used to expand the company’s working capital and will have to be paid back in a maximum of one year October 2011 - From the Print Edition
The loan comes in a context in which Hidroelectrica inked a EUR 110 million financing deal with the European Bank for Reconstruction and Development (EBRD). The funds will be used to modernize the 50-year-old Stejarul Bicaz power plant, one of the largest hydro units in Romania. The facelift is meant to prolong the power plant’s exploitation period by 30 years.
According to Ministry of the Economy data, from early 2009 until the middle of this year Hidroelectrica was the company that allocated the highest sum to investments, at RON 2.6 billion. The firm’s investment budget puts it among the three biggest spending companies in terms of investments to be completed by the end of this year, during which period it will carry out projects worth RON 2 billion (EUR 476 million), according to the Ministry of the Economy, the majority shareholder in the electricity producer.
|
|
|
 | |
|
|
| Daily Info |
|
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
|
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
|
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
|
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
|
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
| |
|
|
advertising
advertising
advertising
|
| More on News |
| President Iohannis urges Romanians to be more united, stay involved in modernizing Romania  Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.
|
| Europe must become a producer of new technologies, not just a consumer of technologies, says EC  Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ...
|
| FDI in Romania rises 10 per cent after ten months in 2018  Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani...
|
| Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council  Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr...
|
| Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte  Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...
|
| ArcelorMittal receives binding offer for European assets from Liberty  British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.
|
| The Romanian labour market needs a well-thought approach, says FIC  The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...
|
|
