September 26, 2018

Coal mines and power generators to be sold by June 2012

According to the latest letter of intent that the government has agreed on with the IMF, the two smaller energy companies to be created (Oltenia Energy Centre and Hunedoara Energy Centre) shall be privatized by the end of June 2012, instead of the two giants Electra and Hidroenergetica,. The privatization will take place through an IPO or through a strategic investor and the government will hire consultants by the end of March 2012 with this view.

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