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    Reference: 20090514
    Release date: 23 September 2009

    Promoter – Financial Intermediary

    Termoelectrica SA

    Location

    Description

    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).

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 40 million

    Total cost (Approximate amount)

    EUR 80 million

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 16/12/2011

    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).

    Related tags

    Romania Energy