RWE to bring energy to Romania from 2008

Newsroom 24/09/2007 | 16:12

RWE officials have confirmed that the German company is still interested in investing in Romania. “We intend to have a significant stake in the third and fourth nuclear power plant units at Cernavoda, even more than 10 percent of what the government proposed, but we will have to see if this scenario is a realistic one,” added Buhl.
RWE is one of the 13 companies that have been selected by the local authorities to negotiate involvement in the construction of the two nuclear units. Buhl said that RWE would consider a greenfield investment in Romania only after the government clarifies the privatization situation in the energy sector. “The Romanian energy companies must be privatized for investors to set up integrated companies and create competition on the market. The Romanian government should say if investors will be allowed to take part in the creation of a company the state wants to set up. If you asked us if we want to manage this national company, I would give an affirmative answer,” said Buhl. According to him, RWE submitted a letter to the government regarding this project but no meeting has been established so far.

Dana Ciuraru

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