about us | newsletter | contact | archive | members area
Gheorghe Ciubotaru, Electroalfa
We are witnessing a continuous process of adaptation to the mechanisms in the market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

CEZ may be interested in bidding for Romanian power distributor

2012-07-18 17:31:20

CEZ, the Czech Republic’s largest power producer, may bid for one of Romania’s state-controlled power distributors as it plans to develop small hydroelectric plants and wind farms in the eastern European nation, according to news of Bloomberg.  According to the site, CEZ is targeting as much as 1,100 megawatts of wind power in Romania by 2016, Ondrej Safar, the executive in charge of generation, said today at a press conference in Bucharest. It plans to buy one of the three power distributors should the Romanian government go ahead with a sale, said Jan Veskrna, CEZ’s country manager for Romania, quoted by Bloomberg. While CEZ has limited most foreign acquisitions to focus on the construction of nuclear reactors at home, that hasn’t stopped it from seeking to expand in Romania where the government offers an incentive plan for wind investments. Romania expects to increase its installed wind capacity to 1,400 megawatts this year from about 800 megawatts in February, the site states.  CEZ lobbied the Romanian government to start the sales process for the power distributors and will bid unless all three distribution companies are sold together, Veskrna said. “We are in a standby mode,” he said and continued: “Bidding for Electrica Muntenia Nord makes most sense.”
In July this year,  Czech group CEZ said it would invest about EUR 400 million this year in Romania, much of it in the acquisition of new renewable energy production projects, according to Adrian Borotea, member of the CEZ Romania board. CEZ entered the Romanian energy market in 2005, by the acquisition of electricity distribution companies, and has expanded its current operations and power production to include wind turbines and small hydroelectric plants. CEZ already operates a 600-megawatt wind farm project in Fantanele and Cogealac in eastern Romania near the Black Sea coast. The company has previously said it plans to have as much as 3,000 megawatts of wind farms in Poland, Romania and Germany by 2016.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  10552 Views
Daily Info
President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, in ...

Vodafone to lay off 1,700 service center employees in Romania, India and Egypt

Vodafone, one of the biggest telecom groups in the world, will lay off 1,700 employees from its service centers in Romania, India and Egypt, in this financial year, the group'...

European Property Federation elects Liviu Tudor as new President

The European Property Federation Managing Committee elected Liviu Tudor, CEO of Genesis Property and President of the Romanian Association of Building Owners, as President of ...

Commisioner Cretu: Romania has a high level of women representation in the digital sector

Romania is one of the countries of the European Union with a high level of representation of women in the digital sector, said European Commissioner for Regional Policy, Corin...

Romania gets 450 million Euro loan from EIB for rural development programme

The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programm...

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
President Iohannis: Interconnection projects revealed at Three Seas Initiative summit are a top level political signal

The list of priority interconnection projects presented within the Summit of the Three Seas Initiative is "a top level political signal", on Tuesday stated Klaus Iohannis, ...

President Iohannis to hold CSAT meeting on September 4 for budget revision

Romanian president Klaus Iohannis has summoned on September 4 the members of the Supreme Council of National Defence (CSAT) to approve the budget revisions for institutions...

1 Comment

Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

1 Comment

New Government reshuffle in Romania to take place in October

A new reshuffle of the Government is supposed to take place in early October, according to the Socialist-Democrat Party (PSD) Liviu Dragnea. He said that, together with the...

Ambassador Klemm: Women are directly affected by digital exclusion

Women are directly affected by digital exclusion, US Ambassador to Bucharest Hans Klemm said Monday at the opening of the Digital Romania International Forum.

TransferGo receives electronic money license

TransferGo, the international fast online transfer company, has been granted its e-Money license from the Bank of Lithuania. The license allows electronic money storage & t...

1 Comment

Romania could remove special excise on fuels

Romania's Finance Ministry could remove the special excise on fuel, according to the minister Eugen Teodorovici, cited by Mediafax.