Romania's Petrom borrows 400 mln eur for power plant

Romania's top oil and gas group Petrom SNPP.BX said on last Friday it had borrowed 400 million euros ($536 million) from international financial institutions to build a power plant.Petrom, majority owned by Austria's OMV (OMVV.VI), got 200 million euros from the European Investment Bank and another 200 million from the European Bank for Reconstruction and Development. Both loans have a 12 year maturity.The total value of the investment stands at 500 million euros. The power plant, which ...

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