EFT to invest 100m euros in power stations

Energy Financing Team, one of the leading energy traders in Central and South-Eastern Europe, which entered the specialised local market last year, has announced that it will conduct an investment programme worth 100 million euros in Romania in the next two years. All funds will be earmarked for a greenfield project for generation of thermo and hydroelectric power. “EFT”s major medium and long term targets are vertical integration and development of our own production capacities,” stated James Nye, general manager of EFT. “After considering several opportunities provided by the already existing capacities in Romania, we chose to make a new investment,” Nye added, without going into details on the project that EFT is considering. ZF