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Gheorghe Ciubotaru, Electroalfa
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Hold-up for new energy projects

Massive internationally-backed plans for new power plants have been frozen for a year with only gas-fired projects and a wind park due to come on-line in the mid-term. Report by Ana Maria Nitoi

April 2010 - From the Print Edition

3 Photos
The economic crisis has forced most of the energy giants present in Romania to delay their large-scale projects for power generation.
Power stations developed by private investors in partnership with the Romanian state have been especially hit.
A key problem is that the state has suffered a huge financial blow due to its rising budget deficit and the fall in its currency at the end of 2008.
The state has needed to borrow almost 20 billion Euro from international financial institu...

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