electric power

Romania’s capital city Bucharest needs EUR1 billion investments in developing the electric networks in the next four or five years, due to increasing electric power consumption, director general with Romanian state-owned power grid Electrica Serban Tudor said Wednesday.

Italian power firm Enel SpA (EN) will become the first integrated company in the electric power field in Romania, following the investments in the nuclear and thermal sectors, the head of the group’s international unit Carlo Tamburi said Wednesday.

Sixteen locations in Romania’s southeastern county of Constanta are still faced with power outages, while twelve villages are faced with drinking water shortage.