CEZ Group sells seven companies in Romania, but keeps wind business

Must Read

Romania recorded the largest increase in construction works in 2023

Bucuresti, 10 February, 2024 - # RBJ - In December 2023, compared with November 2023, seasonally adjusted production in...

SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares

The program is adapted to the specific legal and tax environment in Romania. It is made in collaboration with...

Algeria is taking the place of Russia, slowly but surely, in the gas supply of Central Europe

Bucharest, February 17, 2024 - # RBJ (photo: Algerian gas pipelines to Italy and Spain) - Last week, the...

By Edwig Ban
CEZ’s intention to sell assets from Romania is in line with the new direction of international development of the company, which, apart from the development in the Czech Republic, will focus on energy efficiency projects, CEZ’s country manager told Agerpres on Monday Romania, Ondrej Safar.
“As we have announced publicly, CEZ has a new strategy, approved by the Shareholders’ Meeting, which defined the directions that our company will follow: we want to develop the distribution network in the Czech Republic, to maintain the generating units and to invest in some new ones and in energy efficiency, in energy efficiency services all over the international level, everything that does not go into these topics will be reduced, and Romania and the other countries where we are present, such as Turkey, Bulgaria, Poland, are subject to this reduction. of the activity, and these are the consequences of redirecting our strategy, “said Ondrej Safar.
In Romania, CEZ aims to sell seven companies and keep those with activities in the field of modern energy services (ESCO) and trading. These steps are in line with the new strategy previously approved by the parent company.
CEZ included seven Romanian companies in the market testing (Oltenia Energy Distribution, Ovidiu Development, Tomis Team, MW Team Invest, CEZ Sale, TMK Hydroenergy Power and CEZ Romania). Potential investors can express their interest both for the entire group of companies mentioned, and individually for any of the companies.
On the other hand, the manager for Romania of CEZ estimated on Monday that the wind projects will continue to develop in Romania.
“The wind business is growing and will continue to grow in Romania,” said Ondrej Safar.
CEZ’s wind business in Romania comprises 240 2.5 MW turbines. The project was developed in two stages – the first at Fântânele which includes 139 wind turbines with a capacity of 347.5 MW and the second in the Cogealac and Garden area, including 101 turbines with a total capacity of 252.5 MW. Through this investment, CEZ Group positions itself as one of the largest investors in the Romanian wind energy sector, producing at the same time non-polluting energy that does not consume the exhaustible natural resources of Romania.
The CEZ representative recommended to the businessmen active in Romania to cooperate in order to be able to develop their projects.
“I believe that Romania is going through the best economic times it has ever experienced. We see development, we see many foreign investors, we also see the labor crisis, which is induced by the size of the industry. We should think about what Romania was like at the beginning, 30 years ago, and the position Romania occupies now compared to the countries in the region, Romania is now the most developed country in the area, it is certainly a leader in South-East Europe. What should Romania do to develop further? An important aspect is the cooperation between the entrepreneurs, they should cooperate and develop together, “said Ondrej Safar.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
Latest News

Romania recorded the largest increase in construction works in 2023

Bucuresti, 10 February, 2024 - # RBJ - In December 2023, compared with November 2023, seasonally adjusted production in...

SeedBlink launches ESOP Design program to help Romanian entrepreneurs reward their employees through shares

The program is adapted to the specific legal and tax environment in Romania. It is made in collaboration with Mavers Tax Advisory and Andronic...

Algeria is taking the place of Russia, slowly but surely, in the gas supply of Central Europe

Bucharest, February 17, 2024 - # RBJ (photo: Algerian gas pipelines to Italy and Spain) - Last week, the German Vice-Chancellor and Minister of...

Romania-Italy: action plan that will strengthen the relations between the two states to a higher level

Rome, February 15, 2024 - # RBJ (Source: Agerpres) - Romania and Italy are entering a new stage of development of their consolidated strategic...

The Economist Impact Events presents the fourth edition of the Romanian Business & Investment Roundtable Conference in Bucharest, between April 3-4, 2024

Bucharest, 15 February, 2024 - # RBJ - The Economist Impact Events and its official representative for South East Europe, Hazlis & Rivas, together...
- Advertisement -

More Articles Like This

- Advertisement -