Hidroelectrica and BCR sign contract for credit line worth 85 million lei
Publicat:Hydropower producer Hidroelectrica and the Romanian Commercial Bank (BCR) have signed a contract for a credit line worth 85 million lei in order to issue bank guarantee letters, according to documents posted on the energy producer's website.
The contract is valid until December 18, 2018.
From the overall amount, the sum of 36 million lei will be used to issue a bank guarantee letter, issued in favour of Romelectro, to guarantee the payments for the delivered equipment for retrofitting of Stejaru water plant. The rest of the sum is required to issue a letter of guarantee for…
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