Romanian Ministry of Economy takes first legal steps in creating Oltenia Energy Complex

Newsroom 06/12/2011 | 16:38

The representatives of the Romanian Ministry of Economy have voted yesterday, in the general assemblies of four energy companies, where it holds a majority stake, to set up a new energy champion called Oltenia Energy Complex.

The Ministry of Economy has voted for the merger of Energy Complex Craiova, Energy Complex Turceni, Energy Complex Rovinari and SNLO into Oltenia Energy Complex. This merger project has also been approved by representatives of minority shareholders Fondul Proprietatea, Termoelectrica and ICM.     

Following the vote yesteday, the first legal steps have been taken for the set up of the Oltenia energy complex, a company that will have both coal sources and thermal plants, in a move that should increase the efficiency of the energy companies and attract investments.

Ovidiu Posirca

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