BCR to finance 1.5MW biogas plant in Romania

Newsroom 26/11/2013 | 17:25

The Romanian Commercial Bank (BCR) announced on Tuesday it had struck a financing deal with First Biogaz, a member of Austria’s Biogest for the construction of a 1.5MW biogas plant in northern Romania.

According to Marin Schlerka, Biogest CEO, the plant requires an investment of around EUR 6 million and its output can cover the consumption of around 4,500 households. He said the heat will be used an operational cereal drying plant and a fish farm.

Biogest has worked on over 90 biogas projects across Europe, including Britain, Italy and the Czech Republic.

Tobias Waldemar Seiferth, head of international desk at BCR, commented the lender is interested in financing the local economy, including the renewable energy sector.

Until recently, investors have held back from investing in biomass projects due to the difficulties in obtaining the raw materials and finding viable customers to sell the output. Little over 50MW of biomass capacities was operational locally by September, according to grid operator Transelectrica.

Most of the foreign investments made strategic investments in wind and lately solar capacities.

Ovidiu Posirca

BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Newsroom | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue