Romania’s state energy companies are slated for restructuring into two holdings that the government hopes will lead to a minority flotation on the Bucharest bourse in around two years.
The move is part of an energy strategy aimed at lowering medium-term energy dependence by enhancing production, which Finance Minister Adriean Videanu unveiled in parliament last week.
Under the overhaul that Videanu wants approved by the end of 2009, the two new companies would also show an output cost of 44 euros per MWh, down from 48 euros the government has estimated for the state sector at present. (Balkans.com Business News)
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