Romania Project Notice - 48286

Project Notice

PNR 48286
Project Name Premier Energy working capital loan under RLF
Project Detail Location: Romania Project number: 53854 Business sector: Energy Notice type: Private Environmental category: B Approval date: 05 Aug 2022 Status: Concept Reviewed PSD disclosed: 04 Aug 2022 A senior secured working capital revolving loan of up to EUR 30 million to Romanias Premier Energy SRL, to finance the increased value of gas contracts (inventory) caused by the gas price surge that was triggered by the war in Ukraine. The transaction is presented under the EBRDs Resilience and Livelihoods Framework, one of whose focus areas is energy security in Ukraine and affected countries. Project Objectives Financing of working capital needs of the company in order to ensure the uninterrupted provision of vital energy services ahead of the upcoming heating season.
Funded By European Bank for Reconstruction and Development (EBRD)
Sector Energy & Power
Country Romania , Eastern Europe
Project Value 30 Million

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