Martifer Announces Project Financing Of US$34 Million For Babadag Wind Power Project, Romania

Published: Apr 26 2011
Deal Summary

Martifer SGPS S.A., a power generation company, announced project financing of €23m ($33.55m) in the construction and development of onshore Babadag wind power project to be located in south east Romania. The company has signed a loan agreement with Banca Comerciala Romana S.A. (BCR) for the financing of the power project. The total installed capacity of the power project will be 42 MW.

DLA Piper UK LLP is acting as a legal advisor for BCR while Bulboaca & Asociatii SCA is acting as a legal advisor for Martifer with respect to the transaction.

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