Renewable

BUCHAREST (Romania), December 27 (SeeNews) – Turkish group Cenk Demir will invest 30 million euro ($39.2 million) in the first stage of a renewable energy project in Romania  Bucharest-based media reported.

The Turkish company eyes capacity of 100 megawatts (MW) in Romania, Romanian news portal capital.ro said last week.

It did not specify the type of renewable energy Cenk Demir plans to invest in.

The company is interested in both solar and wind energy investment opportunities, capital.ro quoted the company's CEO Cenk Kucuk as saying.

 “Dobrogea [in the south of the country] represents an attractive area for this type of business and we will start there. In 2012 we will carry out the feasibility studies and will do massive investments in the 2013-2014 period," Kucuk said.

“For the time being, we are nor working with Romanian partners from either the private or the governmental sector, but we don’t exclude this possibility in the future,” he added.

Kucuk said that 80% of people employed on the project will be Romanian.

($= 0.7649 euro)

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