CEZ might sell its wind-power generation unit in Romania

Newsroom 04/04/2014 | 11:17

CEZ is thinking about selling the wind farm it owns in Romania, located at Fantanele and Cogealac.

The company could sell its entire Romanian wind-power generation unit on the condition that it gets a “good offer”,  but is also entertaining bids for minority stakes, said Tomas Pleskac, head of CEZ’s international division.

So far, several international institutional investors expressed interest for CEZ’s Fantanele and Cogealac wind power plants in Romania, Pleskac added. No details were offered regarding the value of the offers received.

The CEZ official underlined that his company is not under pressure to sell its Romanian operations, all talks being in preliminary stages.

He also stated that despite the challenges in collecting fees related to renewable-energy subsidies in Romania, the payment conditions with major clients in the country, such as the state-owned railway company or postal service, are improving.

“The Romanian wind park continues to produce power and would offer a potential investor a very sure return,” he added, quoted by Wall Street Journal.

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