Turceni borrows €170 mln from EBRD for 10 years

Romania’s largest thermo-energy plant, the state-owned Complexul Energetic (CE) Turceni, has scheduled for today the signing of a loan contract, worth €170 million, with the European Bank for Reconstruction and Development (EBRD) for 10 years, with three years period of grace, company officials told Business Standard. The loan is one of the largest granted to a local company in this time of crisis. “Of the €300 million that we were to take out from EBRD for the modernization of ...

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