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Romania’s Romita Plans $53 Million Biomass Plant, Mediafax Says

Romita Energie Verde, a private company with Italian and Romanian capital, plans to invest about 41 million euros ($53 million) in a biomass power plant in Romania, Mediafax reported today.

Romita seeks to build a 10 megawatt thermal- and power- plant in a town in the central Romanian county of Cluj, the Bucharest-based news service said, citing a statement from the company. Part of the funding for the plant will be secured through European grants, according to Mediafax.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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