Energy Business Review
Anonymous User | Login

Hidroelectrica Borrows EUR60 Million From Private Bank

Published: 27-Nov-2009

S.C. Hidroelectrica S.A. (Hidroelectrica) has borrowed EUR60 million from a private bank and is in further talks for another three loan facilities of EUR30.70 million and EUR135 million, Wall Street reported. The company did not disclose the name of the banks. Hidroelectrica is in discussions with other banks for the additional financing of up to EUR300 million.

Hidroelectrica Managing Director Mihai David said: “The loan arrangement has been finalized yesterday (e.n Wednesday, November 25). Half of the amount will be disbursed soon, and the remaining €30 million in the first half next year. Soon, we will conclude the other three agreements for €30 million, €70 million and the external loan of €135 million”.

In earlier 2009, Hidroelectrica has finalized two other financing arrangements for a collective amount of around EUR50 million, of which one was for EUR30 million and the other was for over EUR18.6 million.

Share

Mail sent successfully

Tell your friend about this article


Please enter a valid email address

Please enter your name

Please enter the mail body


Your Name: *
Your Email: *
Friend's Email: *
Email Body: *
 

Suppliers To This Sector

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

KE-Burgmann

Leading Manufacturers of Fabric, Metal and Rubber Expansion Joints and Metal Hoses ...

Favuseal

Fire Barrier System ...

eyevis

Large Screens for Professional Applications ...

MétéoStrategy

Meteorological and Metocean Information ...

Siemens

Products and Services for Power Generation ...

Camfil Farr Power Systems

Clean Air Solutions ...

White Papers

Browse A-Z

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

2.5MW Wind Turbine

The latest evolution of GE Energy’s wind turbine technology, the 2.5xl wind turbine, is pl ...

Hardcore® Technology Drilling Solutions for the Heat Exchanger Industry

ATI Stellram develops and produces high-performance metal cutting tools for difficult-to-m ...

Increasing Cost-Efficiency of Substation Automation Systems by Centralised Protection Functions

New legislative and customer-oriented requirements pose challenges to substation automatio ...

Applying Modern Communication Technology to Loss-of-Mains Protection

The protection of distribution networks is facing new challenges from an increasing amount ...

Impacts of Quality Improvement Incentives on Automation Investments in the Finnish New Regulation Model

During the second regulatory period of 2008-2011 incentives are included into the Finnish ...

Utilising the Possibilities of IEC 61850 and GOOSE

This document describes the utilisation of some new features offered by IEC 61850, Communi ...

Related Companies

Enel SpA

Enel SpA (Enel) is one of the largest integrated power companies in Italy. The company ...

S.C. HIDROELECTRICA S.A.

S.C. HIDROELECTRICA S.A. (Hidroelectrica) is a state owned energy company that is engag ...

Electrabel S.A.

Electrabel S.A. (Electrabel) is engaged in the generation of electricity, mainly by uti ...

E.ON AG

E.ON AG (E.ON) is one of the world’s largest investor owned power and gas generation co ...

Suppliers Product News

References for the Favuseal Fire Barrier System

An overview of our customers and past and presend installations of the Favuseal fire barrier system.

More than Four Times High Definition for Special Signage Applications

With the market introduction of the new EYE-LCD6400-4K 4k2k LCD panel with 64in screen diagonal, eyevis presents its second ultra-high resolution display with more than four times HD resolution.

Eco-Friendly Rear-Projection Cube Series with LED Light Source

With the new EC-LED cube series, eyevis presents a revolution in the field of modular video walls.

Sharp Images Down to the Smallest Detail: eyevis EYE-LCD5600QHD

eyevis Finalist at InAVation Awards 2010

The new eyevis LED DLP cube has been chosen among the most innovative technologies and is the finalist at the Inavation awards 2010.

eyevis Exhibits at Intersec Show in Dubai

eyevis will showcase new video wall solutions for control rooms at the Intersec, the leading security exhibition in the Gulf region.

Free Newsletter Sign-up

Sign up, and we will send you a free Energy Report on 'Energy Security Threats & Key Issues for Global Oil & Gas Industry' from GlobalData worth $750

Please enter a valid email address