Marubeni Corporation and ELCEN have agreed to form a JV to build a 250 MW gas-fired electricity plant in the central Romanian county of Mures worth roughly 170 million euro, they announced in a statement released. Romanian law firm Tuca Zbarcea & Asociatii has advised Marubeni Corporation, one of the largest and most profitable of Japan's unique and powerful “sogo shosha”, according to this statement. The legal team was led by Sorin Vladescu, Partner with the firm.
The Japanese company will control 90 percent of the newly formed company, SC Fantanele Gas Power SA, and it will bring an in-kind contribution of 30 percent to the share capital of the NewCo, with the rest stemming from loans. ...more »