The loan proposition will be discussed in the company’s general shareholders assembly meeting scheduled for September 19.
Romelectro plans to use part of the loan to finance the contract it estimates it will sign with Transelectrica for the upgrade of a transforming power station, a project of EUR29.38 million.
Romelectro is owned by several individual shareholders. Viorel Gafita, who is the company’s president and general manager, owns the biggest stake.