Daily News for Energy & Environment

Romania: Investments will be the main evaluation criteria of energy companies’ managers

Investments will be the main evaluation criteria of energy companies’ managers in the future, not the profit or the turnover, as it is now, said on Thursday the Energy minister Toma Petcu, within the hearings in Parliament commission of inquiry regarding ANRE activity.

“Unfortunately, in most of the mandate contracts of managers, the main criteria is the profitability, the turnover and the investments are the last criteria. Currently, the Energy Ministry is in the acquisition procedure of the assistance services for headhunting companies’ selection. When we have clearly established the selection criteria of managers, the main conditions and the main analysis criteria of a manager in a year, I will request to be the investments level and its accomplishment and afterwards the profit and the turnover, because we are in a paradox: we request the companies to make investments, but we set as the main criteria the profit and turnover and then any “good will” manager will try to maximize the two figures to be within the mandate contract’ parameters.”

He exemplified Hidroelectrica, one of the main energy producers in Romania, which didn’t respect the investments level in the first months of the year.

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