US PHI Group to invest in energy sector – Romania, 15 January 2018

US PHI Group, a company involved in investments in natural resources, energy and agriculture, has signed a Memorandum of Understanding (MoU) with a Romanian company in order to build an industrial park, a cogeneration power plant and greenhouses in Romania’s Transylvania region.
The two companies will establish a joint venture by the end of January, which will be involved in the construction of 50 MW gas-fired power plant. However, in its statement, PHI Group did not name its Romanian partner. The projects will be financed through Luxembourg-based fund owned by PHI Group and several European banks.

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