Electrica, one of Romania's major energy companies, has secured shareholder approval for an investment of up to €253 million ($262 million) in the "Crucea Est" wind farm project. 

Electrica (Societatea Energetica Electrica S.A.) is a leading Romanian energy provider involved in various aspects of the country's power generation, transmission, and distribution.

At the company's Extraordinary General Meeting of Shareholders (EGMS) in Bucharest, with a quorum representing 88.57% of the total voting rights, shareholders approved the project, which will fund the construction of the wind farm and key supporting infrastructure. This includes a park-electrical transformer station, a medium voltage electrical network, an underground 110 KV line, land fencing, and a connection to the National Energy System.

Electrica, holding a 60% stake in Crucea Power Park S.R.L. (CPP), has also been authorized by EGMS to negotiate contracts, including an Engineering, Procurement, and Construction (EPC) agreement, within the approved investment limit. 

Source: investing.com