English
Czech energy company CEZ, which intends to develop a wind farm in Dobrudja, is looking to secure funding from the European Investment Bank (EIB), with talks having reached an advanced stage, according to Jean Christophe Laloux, Head of the South Eastern Europe Division at EIB. CEZ"s project involves the construction of a 600 MW wind farm with a total value EUR 1 billion. The first stage is currently in execution and will be completed by the end of the year.
He said: "We had discussions with
The EIB is willing to fund up to 50% of the value of a project, and its officials are currently holding talks with another Romanian energy company. "Apart CEZ, we are discussing funding a hydroelectric energy project", Mr. Laloux, said, who added: "This year, about one third of the estimated EUR 1.5 billion in loans granted by the EIB will go towards funding energy projects". EIB official said that the bank already granted an EUR 200 million loan for Petrom"s electrical plant, so that leaves EUR 300 million for CEZ"s project and several other smaller projects.
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Dolar SUA
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Liră sterlină
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