Energy Complex Oltenia (CEO) has planned for this year an investment budget of RON 810 million lei, the largest amount being allocated to the Rovinari plant, according to the data posted on the company’s website.
Thus, from the total amount, RON 370 million will be spent for the Rovinari branch, RON 112 million for Turceni and for RON 62 million – Isalnita. RON 52 million will be invested at Craiova II, and other RON 202 million at the Mining Directorate.
EC Oltenia representatives also state that the funds allocated from their own investment sources have been steadily rising, from RON 345 million in 2013 to RON 473 million in 2017.
CEO recorded last year a net profit of RON 180.8 million, compared to a net loss of RON 139.8 million in 2016.