Romania’s Hidroelectrica powers up with Eu110m ‘A/B’ loan

13 Jul 2011

Romanian power supplier SC Hidroelectrica has signed a Eu110m ‘A/B’ loan with the European Bank for Reconstruction and Development (EBRD) and commercial lenders.

The transaction is split between a Eu70m 13 year senior EBRD ‘A’ loan and a Eu40m 10 year ‘B’ loan provided by Erste Group Bank and Caixabank. Erste committed Eu25m and Caixabank chipped in Eu15m.

The facility will finance the upgrade of six units of Stejarul Bicaz, a 50-year ...

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