Government OKs setting up of energy companies Oltenia and Hunedoara
The Romanian Government approved late last month the setting up of the two power companies Hunedoara and Oltenia and undertook to privatize them by June 2012 November 2011 - From the Print Edition
..., as part of its agreement with the International Monetary Fund (IMF). Previously, the Government intended to merge the main energy and coal suppliers into two national companies, Electra and Hidroenergetica, but the plan was axed due to legal and juridical issues. One newly formed power company, Complexul Energetic Hunedoara, will comprise the thermal power stations at Paroseni and Mintia and the functional mining sites that are part of the National Hard Coal Company (CNH). The other new entity, Complexul Energetic Oltenia, will bring under the same umbrella the thermal stations at Craiova, Turceni and Rovinari, as well as the National Company of Lignite Oltenia (SNLO).
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