Romania: Over RON 1 bn from the privatization of Rompetrol Rafinare, Electrocentrale Bucuresti

Energy Ministry expects to get RON 1.073 billion this year from the implementation of privatization strategies at Rompetrol Rafinare and Electrocentrale Bucuresti, according the substantiation note of the revenue and expenditure budget of the privatization activity run by the ministry.

The document also reads about an amount of RON 2.5 million for to the expert who will recruit the professional managers for the state companies, but also about the fact that the energy producer Energy Complex Oltenia plans to float on Bucharest Stock Exchange (BVB).

The same document notes that the state will get RON 1.5 billion this year as dividends from the companies under the Ministry of Energy.

EC Oltenia’s listing issue has been discussed in recent years, but without finality, as problems have been encountered in the inventory process of coal reserves. As for the listing of Hidroelectrica, the new minister, Anton Anton, said recently that he did not know what was going to happen.

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