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Hidroelectrica is interested in the local assets of CEZ and Enel
The general manager of Hidroelectrica Bogdan Badea confirmed that the company managed by him has submitted a a a a a a a letter of of intent for purchasing the the assets of of the the Czech CEZ Group in in Romania “We submitted a a a letter of intent The next steps are he he he exchange of of of information and the the submission of of of the the non‐binding non‐binding offer offer The final deadline for submitting non‐binding non‐binding offers
is the end of of November a a a a bit tight
in in in my opinion” explained Badea on on on the occasion of a a a a a a relevant event CEZ announced at the the the beginning of of September the the the the the sale of of of the the the the the electricity distribution in in in Oltenia of of the the the the the the the the wind farm farm in in in in Dobrogea (about 600 MW the the largest wind farm farm in in in Europe) of the the supply company with 1 4 million
Romanian customers and also
of the the micro-hydroelectric plants in in the the Reșița area (22 MW – installed power) Hidroelectrica the the largest producer of of electricity in in Romania Romania and the the the the most profitable company in in which the the the majority shareholder is the the the Romanian state has has announced its intention to also
purchase assets of of Enel
Enel
Romania (part of of the the Italian group Enel) the the largest European utilities company In Romania it owns the former power distribution and supply branches of Electrica Muntenia Sud Dobrogea and Banat as as as well as as as production capacities for wind power It has already started the the the sale of its operations on on on the the the local market and the the the assets are expected to be evaluated at at at approximately EUR 1 billion 40 Number One
BOGDAN BADEA General Manager Hidroelectrica Photo Agerpres