Financed ProjectsTurceni Environmental Loan

Identification Code:

OP/09/0742

Total Operation Cost:

266.180.000

Maturity:

156 months

Operation Status:

Description and Purpose of the Operation:

Brief description of the operation: BSTDB participates in a corporate loan facility arranged by EBRD that will fund the environmental rehabilitation and modernization of electricity generation Unit 6 of S.C. Complexul Energetic Turceni S.A., the third largest energy player of Romania. The project will allow Turceni to reduce its CO2 emissions by approximately 300,000 tonnes per year and will result in significantly reduced emissions of sulphur dioxide (SO2).

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans

Sector:

Utilities

Domain:

Public

Borrower/Client:

S.C. Complexul Energetic Turceni S.A

Co-Financiers/Participants:

EBRD, Group of commercial banks

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The operation ensures mobilization of funds from outside the Black Sea region and exploits co-financing opportunities with international development and commercial banks.

Environmental Classification and Impact (summary):

The project will result in significant reduced emissions of SO2 and CO2 and will help Romania meet the EU environmental requirements and targets.

Operation Leader:

Energy & Infrastructure

E-mail:

ei@bstdb.org