Terna Energy to issue 60-mln-euro bond loan

Terna Energy, a member of GEK Terna Group, on Monday announced an agreement with European Bank for Reconstruction and Development (EBRD) and Piraeus Bank to issue a 60-million-euro bond loan.

EBRD will cover 50 million euros of the bond loan and Piraeus Bank the remaining 10 million euros. The new money will be used to finance Terna Energy’s investment plan to develop its renewable energy sources facilities in Greece and in particular the construction of windpower parks with a power of 48 MW in central Greece. It is the first energy investment made by EBRD in Greece.

Terna Energy Group has established power units of 738 MW, of which 468 MW in Greece, 138 MW in the US, 102 MW in Poland and 30 MW in Bulgaria.

The Group is currently building facilities with a total of power of 242 MW in Greece and abroad, and plans to reach a total power of 1,000 MW in the coming years.