10m euros for Transelectrica

The national power carrier Transelectrica will be granted a 10 million-euro credit by French bank Credit Agricole Indo Suez in the next few days, sources close to negotiations told Ziarul Financiar. According to Transelectrica officials, the loan will finance part of the upgrading works for the Slatina power plant, worth 37 million dollars. “About half of the Slatina project funding is secured by a Nord Investment Bank credit, while the new loan will complete the financing sources. The remaining gap will be covered from Transelectrica’s own resources,” Jean Constantinescu, Transelectrica’s general manager told Ziarul Financiar. ZF