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The EBRD is considering arranging a senior secured financing of up to €207 million for Vimetco Power Romania

2012-02-17 00:00:00

The EBRD is considering arranging a senior secured financing of up to €207 million for Vimetco Power Romania SRL to support the construction of a new gas-fired state-of-the-art cogeneration power plant in Tulcea, Romania.

Vimetco Power Romania SRL is a special purpose company owned by Vimetco NV, set up to carry out the first phase of the project.

This would be the first project finance transaction in private conventional power generation in Romania.

The 250 MWe/195 MWth CCPP power plant is expected to be built and commissioned between 2012 and 2014. Its output - power and heat – will be sold on the Romanian market but is also expected to cover part of the needs of the Vimetco group in Romania. Source: EBRD

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