EBRD, EIB fund greenfield project in Romania

The European Bank for Reconstruction and Development (EBRD) and Oil Company Petrom signed on Friday an agreement on building a power station on a 500 million euro investment.The construction costs will be covered by the EBRD and the European Investment Bank (EIB) by 200 million euros each and Petrom by 100 million euros.'The project of the power station located at Brazi meets the profitability criteria of the group Petrom is part of, therefore we anticipate that we'll have 13 ...

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