The funding will be used to construct the 1.7 GW plant, which is set to become the largest of its kind in Europe and will play a pivotal role in strengthening Romania’s energy infrastructure and that of its neighbouring countries. The total project is estimated at 1.2 billion euros. The facility is expected to commence electricity generation in the first quarter of 2026, with full operation anticipated by the end of the year.
The bank’s primary goal is to support international business ventures, particularly in the development of critical energy infrastructure in strategic regions.
“The financing agreement with Mass Group Holding solidifies Emirates Islamic’s position as a leading regional Islamic financier,” said Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic.
(ceenergynews.com, January 8, 2026)