Romania’s Draft Law On Energy Sector Reorganization Was Finished, Can Be Approved By Govt Monday

"The document setting up the two energy companies, which was also presented during a meeting of the Supreme Defense Council CSAT, was completed and can be approved in a government meeting on Monday," the sources said.

The Government will convene Monday to hold talks on the procedures of applying the unitary wage law in the public sector.

Economy Ministry secretary of state Tudor Serban said Thursday the draft law on setting up the two national power holdings was presented Thursday in the session of the Supreme Defense Council CSAT and would be debated by the government the following week.

Romanian authorities plan to reorganize the energy sector by creating two national power holdings to include assets of the major state-run energy companies.

Official sources told MEDIAFAX on January 8 that the government decided to delay by one week the setup of the two national power holdings, after Justice Minister Catalin Predoiu asked for certain legal changes of the draft.

The two companies will be named "Electra" and "Energetica," according to their setup draft.

The main field of activity of the two joint-stock companies will be the production and supply of electricity, the production, transport, distribution and supply of thermal power and the exploitation of mines and lignite quarries. In addition, Electra will produce nuclear fuel, according to the emergency ordinance draft.

Electra will include thermal power producers Turceni, Rovinari and Craiova, along with their subsidiaries, nuclear energy company Nuclearelectrica, hydropower generator Hidroelectrica's branches in Ramnicu Valcea, Sibiu and Slatina, alongside Hidroserv, and the brown coal mining company SNLO.

Energetica will be set up through the merger between thermal companies Electrocentrale Deva and ELCEN Bucuresti, and thermal power plant Paroseni, that are currently part of electricity producer Termoelectrica. The new company will also include Hidroelectrica's branches from Bistrita, Buzau, Cluj, Curtea de Arges, Hateg, Portile de Fier, Oradea, Sebes, Targu Jiu, Slatina, alongside with parts of pitcoal mining company CNH.

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