EIB provides EUR 33 mln loan for Paroseni power plant

Newsroom 16/12/2011 | 15:09

The European Investment Bank (EIB) will provide a loan of EUR 33 million for environmental improvements to Unit 4 of the Paroseni coal-fired combined heat and power plant.

The investment will support the deployment of a gas desulphurasion facility and a system for the collection, transport and storage of ash and slag. This will result in a significant decrease in SO2 emission pollution caused by ash and slag handling and at the same time contribute to meeting the increasing demand for electricity and heat. The construction works are expected to finalize by the end of 2015.

The Paroseni project will ensure the continuation of the plant’s activity, fulfilling the electricity and thermal energy needs for 200.000 inhabitants in Valea Jiului. In addition, 300 temporary jobs will be created during the implementation of this project.