Romanian government grants EUR 14mn for two renewable energy projects.

By bne IntelliNews May 30, 2012
The Romanian government has approved grants of RON 63mn (EUR 14mn) for two investment projects of combined RON 150mn developed by private company Prefab, news agency Mediafax reported. Under the first project, the company will develop a 5.1MW micro-hydro power plant on the Braita river in the southern Arges county. The government will cover 60% of the EUR 125.8mn investment value. Under the second project, Prefab will develop a high efficiency heat and power co-generation unit to support its production capacities and improve its energy efficiency. The government will cover 50% of the RON 22mn investment. Prefab produces concrete elements.
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