Electrica interested in CEZ assets in Romania – CEO - Hydro Balkans
+44 207 394 30 90 (London)

Electrica interested in CEZ assets in Romania – CEO

Main » News » Electrica interested in CEZ assets in Romania –…

Romania’s state-owned power distribution and supply company Electrica is interested in buying the assets owned by Czech energy company CEZ in Romania, once they are put up for sale, Electrica CEO Georgeta Corina Popescu has said in an interview with Agerpres, Romania Insider reported.
In addition to eyeing CEZ’s assets in Romania, Electrica is also considering entering the energy production segment, Popescu said.

The sale of CEZ’s assets, however, seems to be a complex transaction, Popescu said. “[…] I do not know for now what is the privatization strategy CEZ will use: will it want to sell everything to a single company, will it make it under a competitive process, will it sell separately the business segments? We do not yet have any concrete information,” she added.

In Romania, the Czech company is involved in the generation of electricity from renewable energy sources, as well as in electricity distribution and sales.

CEZ’s assets in Romania include a 600 MW wind farm developed in a EUR 1.1 billion investment. The Fantanele-Cogealac wind farm in the region of Dobruja (Dobrogea) has 240 GE 2.5 MW turbines and produces 1.2 million kWh of electricity annually, according to CEZ Romania’s website.

Among other assets in Romania, CEZ also owns TMK Hydroenergy Power, which operates four hydropower plants (Grebla, Crainicel 1, Crainicel 2, and Breazova) with an installed capacity of around 22 MW.

CEZ in deal to sell Bulgarian assets for EUR 335 million
On June 21, CEZ Group signed a contract with holding company Eurohold Bulgaria for the sale of its assets in Bulgaria. Eurohold will pay EUR 335 million for CEZ’s Bulgarian assets.

The contract on the sale of CEZ’s assets in Bulgaria to Eurohold is subject to regulatory approvals of the Bulgarian Commission for the Protection of Competition (KZK) and the Bulgarian Energy and Water Regulatory Commission (KEVR).

CEZ’s previous attempt to sell its Bulgarian assets to Inercom Bulgaria did not receive regulatory approval.

In Bulgaria, the CEZ group distributes and sells electricity in the western part of the country and generates electricity, mostly in a coal-fired power plant, according to its website.

CEZ’s assets in Bulgaria, subject to the sale, comprise power utility CEZ Distribution Bulgaria, power supplier CEZ Electro Bulgaria, licensed electricity trader CEZ Trade Bulgaria, IT services company CEZ ICT Bulgaria, solar park Free Energy Project Oreshetz, biomass-fired power plant Bara Group and CEZ Bulgaria.

Source: balkangreenenergynews.com

MORE:

IFC, North Macedonia to study hydro plant value

World Bank Group member IFC is to assess the value of a planned hydropower plant in Macedonia as part of an agreement recently signed with the Government of North Macedonia. The preliminary assessment on the Cebren project will assess the hydro plants value to the country and the region, including how it will help North…


Montenegro approves 33 mln euro loan guarantee for HPP Perucica overhaul

PODGORICA (Montenegro), August 2 (SeeNews) – Montenegro’s government has decided to issue a 33 million euro ($36.6 million) loan guarantee in a project for the overhaul of the 307 MW hydropower plant (HPP) Perucica, it said on Friday. The guarantee will cover a 33 million euro loan to be extended by German development bank KfW…


China’s AVIC offers to finance, build HPP Buk Bijela, 4 small hydropower plants

China National Aero-Technology International Engineering Corporation (AVIC) has expressed interest in the construction of three large hydropower plants (HPPs) – Buk Bijela, Foča, and Paunci – and four small hydropower plants (SHPPs), the Ministry of Energy and Mining said on its website. Energy and Mining Minister Petar Đokic met with potential partners from China –…