News

Embezzlement probe at wind power operators

Published

September 24, 2015

Comments

comments icon

0

Share

Published:

September 24, 2015

Comments:

comments icon

0

Share

Prosecutors from the National Anticorruption Directorate (DNA) Suceava conducted a search at headquarters of two companies in Bacău county for suspicion that European funds of EUR 2 million were embezzled, Romanian news agency Act Media reported. The exact amount will be established following evaluations on materials found, said DNA spokesperson Livia Săplăcan. The beneficiary of European funds for wind parks had carried out activities through intermediate firms, the authorities said. In the purchase of wind turbines from Aida Srl, part of the transaction was from Electro Metal, at the price of RON 43,400 (EUR 9,834), says an invoice issued by Kokotas Nicol Srl, investigators added. Some of the goods were bought by Electro Metal from Alternative Pure Energy, thre report adds.

Electro Metal delivered electric equipment worth EUR 35,350 from Alternative Pure Energy and Electrovolt to Kokotas Nicol. The goods were not sold again and there were no documents proving the debt was recovered, a fact creating doubts about the reality of those commercial relations, the article said. Alternative Pure Energy carried out direct commercial relations with Aida Srl, while Electro Metal and Kokotas Nicol were used as screen companies.

Related Articles

envision green hydrogen ammonia

China-based Envision opens world’s largest green hydrogen, ammonia plant

14 July 2025 - The plant can deliver 320,000 tons of green ammonia per year, with annual output projected to rise to 1.5 million tons by 2028.

hydrogen lab gas research

Balkan hydrogen scientists: Research funding should focus on real-world applications

14 July 2025 - A team of scientists from Slovenia, Serbia, and Bosnia and Herzegovina is working on a hydrogen project based on seawater electrolysis.

Serbia EPS starts trial operation of its Petka PV plant on coal tailings dump

Serbia’s EPS starts trial operation of its Petka PV plant on coal tailings dump

14 July 2025 - EPS connected its first larger solar park, called Petka, to the grid. The new facility is in its coal complex Kostolac.

GGF grows direct lending energy transition energy security

GGF grows direct lending, committed to energy transition, energy security

11 July 2025 - In its Impact Report 2024, Green for Growth Fund outlined powering the green transition across Southeast Europe, the Caucasus and beyond