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Annulment Of Romania’s Pwr Holding Setup Is A Bad Decision – Union Leader

Romania’s Economy Ministry decision to annul the national power holding setup "is the worst decision ever made," following which Romania will no longer matter on the European energy market, Dumitru Costin, head of national union BNS, told MEDIAFAX on Wednesday.
Annulment Of Romania's Pwr Holding Setup Is A Bad Decision - Union Leader
14 ian. 2009, 19:06, English

"This decision is an error that shows a huge incapacity of the ministry’s personnel. This way, we are definitively putting an end to Romania’s position as player on the European energy market. It is the worst decision ever," Costin said.
 
The Economy Ministry will draw up an emergency ordinance to annul the former Government’s decision to set up a national power holding, to include the state-owned power grid Electrica, hydropower generator Hidroelectrica and thermal power producers Turceni and Rovinari.
 
Economy Minister Adriean Videanu said in December that they would not give up the power holding plan, but it will be transferred from the Privatization Authority AVAS to the Economy Ministry.