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    Signature(s)

    Amount
    € 32,650,000
    Countries
    Sector(s)
    Romania : € 32,650,000
    Energy : € 32,650,000
    Signature date(s)
    16/12/2011 : € 32,650,000
    Link to source

    Summary sheet

    Release date
    23 September 2009
    Status
    Reference
    Signed | 16/12/2011
    20090514
    Project name
    Promoter - financial intermediary
    Paroseni Power Plant Romania
    Termoelectrica SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 80 million
    Location
    Sector(s)
    Description
    Objectives

    Environmental improvements for Unit 4 of Paroseni coal-fired Combined Heat and Power Plant (CHPP), comprising the deployment of a flue gas desulphurisation installation (FGD) and system for collection, transport and storage of ash and slag (DSS).

    The project contributes to the Bank’s priority lending objectives such as supporting economic development in convergence regions and protection of the environment as well as EU energy objectives.

    Environmental aspects
    Procurement

    The project is subject to Annex II of the EIA Directive (85/337/EEC and amendments). According to the decision by the Competent Authority, a full Environmental Impact Assessment is not required. The environmental permits for the investment have been received by the Promoter. The project will ensure compliance of Unit 4 with EU Directives 1999/31/EC and 2001/80/EC, and result in a significant decrease in SO2 emissions and lower pollution caused by ash and slag handling activities.

    As a state owned entity, the Promoter is subject to the EU legislation on procurement. The contracts for both FGD and DSS were announced in OJEU of July 2009.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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