Romania’s Two Pwr Holdings Deemed Operational In ‘10, Work In Vain Till ‘12

„The two companies will be operational on January 1, 2010, but they may operate to no avail until 2012,” Serban said during an energy seminar.

The government’s plan to reorganize Romania’s energy sector entails the creation of two national power holdings including assets of all state-owned energy companies.

Thus, half of Electrica, two of the hydropower plants operated by Hidroelectrica will make up the first company, next to power producers Turceni, Rovinari and Craiova, 1st and 2nd nuclear reactors with Cernavoda power plant and Romania’s state-owned brown coal mining company SNLO.

The other half of Electrica and the largest part of Hidroelectrica’s assets, including the largest Romanian hydropower generator Portile de Fier, the country’s pitcoal mining company CNH, thermal company ELCEN Bucuresti, Deva and Paroseni, as well as hidro-power plants Caransebes, Hateg, Arges, Cluj, Bistrita, Sibiu, Sebes, Buzau and Targu Jiu will make up the second company.

Serban added that, end-September or early-October, the ministry would draft the emergency ordinance to set up these holdings, which will be further submitted to the government.