Erste’s BCR Lends $21 Million to Espe for Romanian Power Plant
Stock Chart for Erste Group Bank AG (EBS)
Espe will invest 23 million euros in the 9.9-megawatt plant to be located on the Sapanta river in the Maramures region, the bank, known as BCR, said in an e-mailed statement today.
“The portfolio of renewable energy projects approved by BCR has a combined capacity of more than 100 megawatts, consisting mostly of wind and small hydroelectric plants projects,” Ioana Gheorghiade, project finance executive director at BCR, said in the statement.
Bucharest-based BCR is a unit of Austria’s Erste Group Bank AG. (EBS)
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