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Romanian Pwr Cos On The Verge Of Bankruptcy – MP

President of Industry Commission within the Romanian Chamber of Deputies, Iulian Iancu, said Tuesday that most of Romanian power companies are on the verge of bankruptcy, being managed by persons who have nothing in common with the energy sector.
Romanian Pwr Cos On The Verge Of Bankruptcy - MP
25 mart. 2008, 15:29, English

The MP said that while the European Union declared the energy sector as a strategic one, many thermal power plants of Romania’s state-owned electricity producer Termoelectrica are currently bankrupted or facing foreclosure proceedings.

Iancu said the high energy prices were triggered by ill management in the energy system, affecting household consumers as well as industrial producers.