After losing the installations for making fertilizer in foreclosure, "Amonil" Slobozia (symbol: AMO) could become an electricity maker, more than three years after the shareholders of the company have approved a contract with "Interagro" for obtaining the equipment needed for cogenerating electricity. "Interagro" is owned by businessman Ioan Niculae, who is allegedly behind the two offshore companies that control about 50% of "Amonil".

This time, the shareholders of "Amonil" are being summoned on August 18th, to vote on the proposal to change the company"s main line of business, in order to replace it with the production of electricity.

The manufacturing of fertilizer would become the company"s secondary line of business, according to the notice to attend the General Shareholder Meeting.

The agenda has also included the approval to conclude a convention for setting up a right of surface by "Chemgas Holding Corporation", in favour of "Amonil", against a plot of land for the building and the commissioning of the co-generation investment project.

"Chemgas" is the company that took over the most important assets used for manufacturing fertilizer at "Amonil", following foreclosure of the plant.

Contacted by BURSA, the officials of "Interagro" have said that they only handled the import of the equipment which will be used for the cogeneration plant, and stressed that aside from that, "Interagro" has no connection to "Amonil".

"We had a contract with them (ed. note: Amonil) just for the import of the necessary installations and we have financed the purchasing contracts, for information on the volume of energy that will be produced or to find out the date when it is going to be commissioned you have to call the company, we do not have this kind of information", the officials of "Interagro" said.

In the General Shareholder Mee