Romanian ELCEN Seeks Loan For Raw Materials
Romanian thermal power producer Electrocentrale Bucuresti (ELCEN) on Wednesday said it plans to take out a 5-year loan worth between 150 and 300 million lei (EUR35-70 million) to buy raw material.
“The bank loan is needed to fund the procurement of technological fuel from local sources and from import for winter 2011-2012, including auxiliary services of transportation and distribution,” the company said in a news release.
ELCEN will select a bank following negotiations set for January 17.
The company is among the firms monitored by the International Monetary Fund, listed with a debt of 43 million lei (EUR10 million) to the state budget. ELCEN is Romania’s largest thermal power producer.
Citește și
15 min
Ioana Niță
3 min
Liviu Popescu
1 min
Claudia Medrega