The investment is estimated at EUR90 million. The project will be financed with the company’s own revenue resources and through an external loan, GDF Suez said in a notice sent to the Bucharest stock exchange.
GDF Suez Energy Romania, a unit of Franco-Belgian power operator GDF Suez, said previously it would build a 48-megawatt wind farm in Braila.
The company registered sales of 3.86 billion lei (EUR910.8 million) in 2011, up 9% on the year, and net profit of RON261.9 million, slightly down on the year.
GDF Suez Energy Romania has 1.3 million clients.