• Opened working sites for the first 3MWp in the locality of Buzias for an amount of approximately 3.3 million
• The remaining 2.5MWp are still under development phase in the locality of Lugoj-Darova
• Signed EPC contract with panels supply
TerniEnergia signed a framework agreement with the company Energhie of Bissi Holding Group, for the construction of 6 industrial sized photovoltaic plants of a total capacity of 5.5MWp in Romania. In particular, the contract provides the plant construction by TerniEnergia Romania, the Romanian subsidiary of TerniEnergia S.p.A., of 3 photovoltaic plant with "EPC Contract" (turnkey formula) with panels supply in the locality of Buzias for an installed capacity of 3MWp and a consideration of € 3.3 million. The working sites have already been opened and the expected completion is scheduled for July 30th, 2013.
Bissi Holding, through subsidiaries under Romanian law, is also developing the realization of 3 additional photovoltaic plants in the area of Lugoj Darova (Ro) for a total power of 2.5MWp, which at the end of the authorization process will be entrusted to TerniEnergia under the same technical and financial conditions mentioned in the contract.
Paolo Ricci, Excecutive Director of TerniEnergia, commented as follows:
"The signing of this important framework agreement represents an important confirmation of internationalization strategies on the photovoltaic EPC business of the Company, as identified in the industrial plan Baseline and in programs for the growth and development of TerniEnergia on Eastern European markets, considered as decisive in future perspective. We also consider particularly important the signed partnership with the Group Bissi Holding, operator among the most active of the renewable energy sector, with a significant track record in the photovoltaic sector and committed, as TerniEnergia, in a substantial internationalization program of its business".
Marco Bissi, Chairman of Bissi Holding, commented as follows:
"It is with great satisfaction that we have started the construction of the photovoltaic plant in Buzias, first concrete action of our Group in Romania, at the same time we are happy to do so with an important and prestigious group such as that of TerniEnergia, with which we have already had more than positive relationships in the construction of photovoltaic plants in Italy. Romania is a very promising market for us, where we intend to work in the medium and long term, without neglecting the hydropower sector which has always been the core business of Bissi Holding."