NNDKP advised CEC Bank and Exim Banca Românească on the financing for the development of the strategic CET Titan project
Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to CEC Bank and Exim Banca Românească in connection with the up to lei 289 million financing for the development of CET Titan combined heat and power plant. The investment is being carried out by Titan Power S.A., a project company majority-owned by Societatea de Administrare a Participațiilor în Energie – SAPE S.A., with Electrocentrale Grup S.A. (ELG S.A.) holding a minority stake.
The new thermal power plant represents a strategic project for Bucharest and a pivotal investment in the Romanian energy market, designed to modernize energy infrastructure and enhance energy efficiency in Bucharest, while strengthening national energy security.
NNDKP provided legal assistance to the financing banks on the structuring and implementation of the transaction.
The NNDKP team advising on the transaction was led by Alina Radu, Partner and Co-head of the Banking and Finance practice, and included Cătălina Dan, Senior Associate, Alexandru Ciambur, Managing Associate and Bogdan Ciacli, Associate. Diana Vasile and Anda Drăgoi, Associates from the same practice, also made a significant contribution to the project.
„We are honored to have advised the financing banks in a landmark transaction for Bucharest’s energy infrastructure – a project with a direct impact on efficiency, sustainability, and energy security. We deeply value our collaboration with CEC Bank and Exim Banca Românească and their commitment to financing essential investments for modernizing infrastructure in this sector. I am proud of our legal team, who handled the complexity of this transaction with great professionalism and dedication. We thank everyone involved for their trust and for contributing to the successful completion of such a significant project”, said Alina Radu, Partner and Co-head of NNDKP’s Banking & Finance practice.
NNDKP’s Banking and Finance team consistently advises clients on complex multi-billion-euro financing projects, including corporate finance, project finance and acquisition finance, both local and cross-border. The team’s expertise is acknowledged by specialized international guides such as Chambers Europe, Legal 500 and IFLR1000, which regularly recognize the NNDKP practice and lawyers in their rankings.
