Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

CEZ: Romania little exposed to financial crisis in energy terms

The local energy market is little exposed to the global financial crisis, with the Romanian production portfolio being balanced, as it has an important rate of hydro- and nuclear power, and it has thermal power plants operating on domestic fuel mostly, CEZ Romania group official Adrian Borotea told Ziarul financiar daily on Tuesday.

The company is part of Czech energy group CEZ and it operates in electricity distribution and supply; the company will soon start producing energy too.

CEZ is conducting Europe's biggest wind-energy project in Dobrogea (southeastern Romania), with the project's installed power being 600 MWatt; the investment amounts to 1.1 billion euros.

As for the prices, the CEZ Romania official said both the natural gas tariffs and electricity tariffs will keep at a similar level to the present one in the period ahead. Borotea stressed that the energy consumption might be sluggish next year, amid curbed activity of the economic operators.

He said that Romania should recognise certain distribution costs in its tariffs as well as normal supply costs linked to the number of consumers to which the services are provided.

CEZ Romania is one of the most aggressive investors in the Romanian energy market. The company is involved in negotiations with the Romania state on getting a stake in the project of the Cernavoda Nuclear Power Plant's reactors 3 and 4. The project is put at some 4 billion euros, with the Romanian state being the majority shareholder via Nuclearelectrica utility. CEZ will develop together with thermal power company Termoelectrica a 400-MWatt gas-based production unit in the eastern Galati city, with the investment to stand at 400 million euros.

CEZ Romania, which employs 3,246 staff, posted 416.1 million euros in businesses in the local market, by 11 percent more than in 2006. The company's net profit totalled 40.2 million euros, marking a nearly 50 percent rise on 2006.

 

Sursa: http://www.actmedia.ro

Tags: romania energy euros power

Articole similare