ALRO to take out 40 million dollar BSTDB loan for energy efficiency upgrade
Publicat:The Black Sea Trade and Development Bank (BSTDB) is providing a USD 40 million corporate loan to Romanian aluminium producer ALRO, part of Vimetco Group, for its capital investment program; the seven-year loan will be used primarily for improving the company's energy management performance as well as its high value-added production capacity, a release informs on Wednesday.
The total cost of the project amounts to around USD 95 million to be also financed by Romanian and international commercial banks.
"Supporting responsible ESG investment is our priority goal as a regional development…
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