Amonil intends to generate electricity

Chemical fertilisers producer Amonil Slobozia could begin to generate electricity by rehabilitating and starting to operate the thermal plant located on its industrial site (currently not operational) the companyes general manager, Victor Dobrescu, stated on Monday. “It was the shareholderse decision made last year – they resolved that the existing thermal plant be rehabilitated and that we generate electricity for our own consumption,” Victor Dobrescu told the MEDIAFAX news agency, without specifying the value of the investment needed, or giving any other details on the installed capacity. In order to rehabilitate the thermal plant Amonil, in association with Amochim SA, set up the limited liability company Energochim, whose core business is the production of electrical and thermal energy. Energochim has a 2.68 million-RON share capital, with Amochim holding a 52% stake, and Amonil holding 48% of the shares.