Simtel or one of the entities fully or partially held by it will take out the loans for the financing/refinancing of the construction, operation and maintenance of the project Solar Park Giurgiu, with an aggregate capacity of 52 MWp, located in the city of Giurgiu.
Among the credits considered to be contracted are one or several bridge loans subsequent to the NRRP financing agreement no. 296/March 28, 2024, signed with the Energy Ministry, with a maximum amount of EUR12.2 million.
“For the avoidance of doubt, all loans mentioned herein at this point are part of the indebtedness threshold of maximum EUR100,000,000 or the leu equivalent thereof for the development and construction of solar power plants, owned by the Company or by the entities held fully or partially by the Company, for the acquisition of “Ready to build” projects and their construction but also for energy storage projects, as the threshold was approved by the Decision no. 5 of the Company’s General Meeting of the Shareholders from April 25, 2023,” Simtel Team said.
(English version by Loredana Fratila-Cristescu)