Romania's Prebet Aiud, Electrica Furnizare indication deal for 0.4 MW solar plant

• Romanian concrete items maker Prebet [BSE: PREB] claimed it had signed an agreement with Electrica Furnizare for the procurement and advancement of a 0.4 MW solar nuclear power plant.

The power plant is expected to end up being functional beginning in the 2nd half of September and also belongs to Prebet's method of ending up being power independent, the business stated on Monday in a statement filed with the Bucharest Stock Exchange, BVB.

The events have not disclosed the value of the contract.

Electrica Furnizare is a subsidiary of Electrica Team, an electrical energy supplier which currently covers 18 regions across Romania. Electrica Furnizare was granted a provider licence in Hungary in February 2022.

Prebet Aiud was founded in 1904 and also currently manufactures a variety of ferro-concrete and also 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.