- Press Releases
BUCHAREST (Romania), May 17 (SeeNews) - Romanian concrete products manufacturer Prebet [BSE:PREB] said it had signed a contract with Electrica Furnizare for the acquisition and development of a 0.4MW photovoltaic power plant.
The power plant is expected to become operational starting in the second half of September and is part of Prebet’s strategy of becoming energy independent, the company said on Monday in a statement filed with the Bucharest Stock Exchange, BVB.
The parties have not disclosed the value of the contract.
Electrica Furnizare is a subsidiary of Electrica Group, an electricity supplier which currently covers 18 counties across Romania. Electrica Furnizare was granted a supplier licence in Hungary in February 2022.
Prebet Aiud was founded in 1904 and currently manufactures a range of ferro-concrete and prestressed concrete prefabs.
Its shares traded flat at 1.805 lei ($0.38/ 0.36 euro) per share at 1052 CET on Tuesday, on the Bucharest Stock Exchange.
(1 euro = 4.9477 Romanian lei)