Romania's Hidroelectrica Borrows 110 Mln Euro for Power Station Upgrades

Romanian state-owned hydro power company Hidroelectrica has borrowed a total of 110 million euro ($153 million) to upgrade the country's oldest hydro power plant, one of the lenders involved in the deal said on Tuesday. This investment will finance the rehabilitation of six units at Stejarul Bicaz, a 50-year-old hydro power plant with a total capacity of 210 megawatts (MW) on the Bistrita River in northeastern Romania, the European Bank for Reconstruction and Development (EBRD) said in a ...

Developed by Codecraftsman