Romanian Chimcomplex To Build EUR22M Power Unit
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) will invest up to EUR22 million in a new thermal power unit, the company said in a statement Tuesday.
The project, approved at a shareholder meeting earlier today, will be co-financed from European funds, Chimcomplex said.
Additionally, the company decided to borrow EUR8.5 million from Raiffeisen Bank to upgrade its power systems.
Chimcomplex is 83.8% owned by A2 Impex Ploiesti, a member of the Serviciile Comerciale Romane group, controlled by businessman Stefan Vuza.
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