ButanGas sets its sights on wind power development

ButanGas Romania, one of the largest players on the Romanian liquefied petroleum gas (LPG) distribution market, acquired 90% in Constanta-based company Romconstruct Top, taking the first step towards development of wind power projects after announcing its interest for generating energy from renewable sources as early as 2008.
According to the available data, Romconstruct Top is the beneficiary of one of the largest amounts of European funding granted so far on the Romanian market for boosting competitiveness, with the company due to receive 62.48 million RON (around 15 million euros) to build a wind farm in the Dobrogea locality of Silistea. The overall value of the project is 177.1 million RON (42 million euros).