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Electrica to invest 650m euros in green energy

State-owned electricity distributor and supplier Electrica plans to become a significant player on the renewable energy production market, through projects totaling €350 WM in wind, biomass and water plants.

We are to invest more than 650 million euros in clean energy,' daily Business Standard quotes the company's Development Manager, Bogdan Badea, as saying.

The electricity supplier also considers solar energy, which the Romanian state is encouraging, by granting three green certificates for one MWh of solar energy.

Badea said 'Electrica AIMS to become a vertically integrated company, to face extremely fierce competition in Romania. I am talking especially about the large players - (Czech group) CEZ and [German group] E.ON'.

Electrica already launched production projects in biomass, wind and micro-water plants. It founded the Electrica Bio-heat company, in partnership with Austrain Warmebetriebe GmbH company, to develop biomass plants with a total capacity of 200 MW. 'The investment could exceed 400 million euros. We hope to deliver the first MWh in 2010,' daily Business Standard quotes Badea as saying.

Sursa: http://www.rompress.ro

Tags: energy electrica euros euro

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