Romanian power distributor Electrica SA plans to borrow 50 million euros ($66 million) to build a wind farm in the east of the country, Bursa reported today, citing General Manager Ioan Folescu.

The state-owned company will launch an auction in the next few days to attract loan offers for its Frumusita wind park with a capacity of about 45 megawatts and plans to pick the builder and the equipment supplier this year for the project through public auctions, the Bucharest-based newspaper quoted Folescu as saying. Construction will probably start this autumn, he said.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net