EC Oltenia to loan 54 million euros for TPP Rovinari unit 5 upgrade – Romania, 26 Januarry 2018

State-owned electricity producer Energy Complex (EC) Oltenia is planning to obtain long-term loan worth some 54 million euros from EximBank to finance the rehabilitation and upgrade of 330 MW unit 5 at thermal power plant Rovinari in order to extend its operational life by another 15 years.
Earlier this month, General Manager of EC Oltenia Sorin Boza said that the company is planning to invest over 143 million euros in 2018, which is the largest amount invested in the last three years. Out of the total amount of 143 million euros, the majority will be allocated for capital overhaul of unit 5 at thermal power plant Rovinari, including environmental project, while some 35 million euros will be invested in the company’s open pit coalmines.

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