energy holdings

Romania’s Senate Chairman Mircea Geoana Wednesday said authorities should rethink the creation of the two national power giants, and to find ways to cut the household consumption prices of energy and natural gas.

The two national power holdings the Romanian Government aims to set up through the reorganization of the country’s energy production will become operational in 2010, but they may operate to no avail until 2012, Economy Ministry’s secretary of state Tudor Serban said Wednesday.