State aid: Commission approves €251 million Romanian rescue aid to CE Oltenia

The European Commission has approved, under EU State aid rules, Romanian plans to grant a €251 million temporary loan to Romanian state-owned lignite-based electricity producer Complexul Energetic Oltenia (“CE Oltenia”), which is currently experiencing financial difficulties. CE Oltenia has 3.2 gigawatt of capacity and generates close to 25% of electricity in Romania. EU State aid rules, more specifically, ...

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