EFT Group plans to invest EUR 50 million in Romanian power plant

Energy Financing Team (EFT) plans to invest some EUR 50 million in a hydro or a coal power plant in Romania, after setting up a special fund for energy.

Vice chairman of the group

Milos Hamovic said the company had plans to invest in several projects in the region, including in Romania. “We plan to invest a minimum of EUR 50 million in a hydro-power plant or in a coal-fired thermal power station. However, we’d rather invest in a thermal power station. Our plan is to create a large fund for energy in the following years to be able to invest in several projects in the region, including Romania. We believe we’ll invest in thermal energy,” Hamovic said.

The fund is expected to be created in 6 to 12 months, according to Hamovic,

quoted by local news agency

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EFT Group is a European energy trading and investment group, with a principal operating focus on the countries of central and south-east Europe. The group, through its subsidiaries, is present in several countries: Romania, Hungary, Slovenia, Bulgaria, Croatia, Macedonia, Serbia and Greece. EFT Romania was formed in 2005 to support the trading activities of the Group portfolio, both on internal and international markets. Irina Popescu, irina.popescu@romania-insider.com (photo source: Sxc.hu)