CEC Bank, Exim Banca Romanească grant EUR 55 million financing for new Bucharest district heating plant CET Titan

13 August 2026 CEC Bank and Exim Banca Românească have signed a RON 289 million (EUR 55.15 million) financing agreement for the development of the combined heat and power (CHP) plant CET Titan. The new CET Titan plant will be the first district heating power plant built from scratch in Bucharest since 1979. It is meant to “help strengthen the capital’s energy security, increase energy efficiency and reduce its environmental impact through the use of modern cogeneration technologies.” The investment is being carried out by Titan Power S.A., a project company majority-owned by SAPE S.A. and minority-owned by Electrocentrale Grup S.A., companies under the coordination of the Ministry of Energy. Electrocentrale Grup S.A. is currently undergoing a merger by absorption with SAPE S.A. The plant i