“We are in advanced talks with the EBRD. The money will be used to upgrade the unit 6 in Turceni, which has an installed capacity of 333 megawatts,” Oltenia’s general manager Laurentiu Ciurel told an energy seminar Thursday.
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.
The holding forecasts a net profit of 151.2 million lei (EUR35 million) this year, 67% higher from RON90.4 million estimated for 2012. (EUR1=RON4.3611)