The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.
Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog
Friday, November 26, 2004
The Romanian government denied Wednesday reports that it has started exclusive talks with parties interested in buying regional power suppliers.
The Economy Ministry said it is still evaluating bids from Germany's E.On AG ( EON) and the Czech Republic's CEZ AS (BAACEZ.PR) to buy Electrica Moldova and Electrica Oltenia.
The ministry denied a press report in daily Ziarul Financiar that said the government has started exclusive talks with E.On for Electrica Moldova, and with CEZ for Electrica Oltenia.
The government is offering a 24.62% stake in each power supplier, with the new owner required to gain a majority stake through a share capital increase.
The two companies supply electricity to the southwestern and northeastern parts of Romania, respectively.
Electrica Oltenia has 1.36 million customers and sells 6.8 million megawatt- hours a year, while Electrica Moldova has 1.3 million customers and sells 4.1 million MWh a year.
Earlier this year Romania sold two other power suppliers to Italian power company Enel SpA.
Enel agreed to pay EUR36 million directly to the Romanian state, and to make a capital injection of EUR76 million to acquire 51% of Electrica Banat and Electrica Dobrogea.
Electrica Banat provides electricity to western Romania, has 830,000 customers and sells 3.8 million megawatt-hours annually. Electrica Dobrogea serves southern Romania and has 590,000 customers, selling 3.6 million MWh annually.
Posted by Iulia Rasoiu : 11/26/2004 11:30:00 am
06/01/2004 - 07/01/2004
Ispat Sidex over $2 billion in turnover
MOL buys Shell's Romanian filling stations
Closure of EU negociations postponed to after elec...
And Dobromin goes to ...
Japan Bank to help Romanian Power Plant
Top Business Leaders
Renault to launch Logan in India
Romania still wants money back from Iraq
Romania macroeconomic overview
Realitatea TV partners with CNN
Publications & Media
This website is proud to be designed by Mihai Dragan
I usually listen to THIS kind of music.