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Government grants state guarantees for Craiova power plant

The government adopted a memorandum to approve a guarantee granted by Eximbank on behalf of the Romanian state for 62.4 million euro for two internal credits contracted by Craiova power plant, the spokesman for the government, Dan Suciu announced. The two credits will be for environment protection and setting up a de-sulfuring installation for power blocks 7 and 8 at Electrocentrale Isalnita.

“It is a government attempt to maintain this important power complex functional. There is a story behind this loan – various attempts to maintain the complex, functional, attempts made by several governments. They all failed in the attempt to use European funds for procedure reasons,” Suciu said.
Dan Suciu also showed that other financing sources were not available, the memorandum approved today represents an important element for the continuation and viability of this company.

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