Romania’s power holdings setup may revive the economy

According to energy sector and Economy Ministry representatives, the setup of the two national power holdings may revive Romania’s economy and set “fair” market prices for electricity. The creation of the national power holdings is the final stage of the energy sector reorganization.

 

The government’s wants to reorganize Romania’s energy sector into two national power holdings including assets of all state-owned energy companies, and the coal mining companies.

 

Romania could economically revive "through the setup of the two power holdings, this being a chance of having a fair electric power price," said Constantin Balasoiu, the general manager of Craiova power plant. Balasoiu added that establishing the two holdings is compulsory, as the energy producers are in a dire need of investments to upgrade the power groups.