The bank syndicate that finances CE Oltenia with 500 million lei for the acquisition of carbon certificates is led by BCR, which will provide 120 million lei, while Raiffeisen and CEC Bank will each provide 100 million lei. The list is continued by EximBank, which offers 80 million lei and Alpha Bank and Banca Transilvania, with 50 million lei each.

Loans were secured by land, fixed assets, receivables and future proceeds. CE Oltenia has committed not to divide or merge during the course of the lending period without the approval of the banks. If it does not pay the certificates until the end of April, CE Oltenia risks fines and even loss of environmental permit, according to pandurul.ro.

Senate President Calin Popescu Tariceanu said in Târgu Jiu that a state aid announced to the European Commission to support CE Oltenia is also taken into account, if the company fails to take credit for the purchase of CO2 certificates.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.