Monday, April 4, 2011

Romconstruct, Ecopower Invest $88 Million in Romania Wind Parks

Romconstruct Top SRL and Ecopower Wind SRL, two privately owned Romanian companies, invested 257 million lei ($88 million) in two wind parks, the Economy Ministry said in an e-mailed statement today.

The investments in the southern county of Constanta are for a combined capacity of 35 megawatts, the ministry said.

Romconstruct, based in Constanta, spent 177 million lei to build a 25-megawatt power project, of which 70 million lei was financed with a European Union grant, according to the statement.

Ecopower completed a 10-megawatt park for 70.3 million lei, of which 39 million lei came in EU financing, the ministry said.

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 in Prague atjagomez@bloomberg.net

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