State energy merger courts fierce criticism
Romania’s current plan to create two new state energy champions could hide debts and raise consumer prices and is a move likely to anger tight EU regulations
Report by Ana Maria Nitoi April 2010 - From the Print Edition
Romania’s decision to restructure its state-owned energy sector by establishing two national champions which unite coal mines with thermo, hydro and nuclear power plants is facing tough criticism.
The move will create competition issues on the local market, hide state aid given to loss-making mines and thermo power stations, while undermining the profitable hydro and nuclear power companies, argue insiders and experts.
The plan, which intends to bring down energy prices, could end up m... To continue reading this article you have to be registered
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