The total investment in the project is valued at some EUR200 million.
Officials of the state’s Energy Department and of the EBRD will meet in Bucharest Thursday to sign the loan agreement.
CE Oltenia’s general manager Laurentiu Ciurel said last year his company was looking to attract up to EUR160 million in financing from the EBRD to upgrade the unit 6 at its Turceni plant.
CE Oltenia energy holding was set up in 2012, following the merger of several thermal power plants and coalmines. The holding operates 12 separate power units with a total installed capacity of 3,750 megawatts, covering over 30% of Romania’s annual electricity production.