BSTDB contributes to environmental modernization of a major Romanian power plant

News | 21-Jul-2009

BSTDB will make available a 13-year € 20 million secured corporate loan to finance the environmental rehabilitation and modernization programme of Turceni, the largest lignite fired power plant of Romania. The funding of the Operation of € 170 million is arranged by the EBRD and includes participation from commercial banks.

The proceeds of the loan will be used by Turceni for the design, procurement and installation of equipment for environmental modernization of its Unit 6.

The operation is expected to have significant environmental benefits for Romania. Besides, the operation ensures mobilization of funds from outside the Black Sea region, exploits co-financing opportunities with international development and commercial banks and provides long-term financing during uncertain times.