Romania delays sale of energy firms Oltenia, Hunedoara to end-2012 - report.

By bne IntelliNews December 9, 2011
The Romanian government has postponed the deadline for the sell-off of recently formed mining and electricity holdings Oltenia and Hunedoara by six months to the end of 2012, Mediafax announced citing the government's letter of intent to the IMF. The tender books will be drafted by the end of October 2012. The two companies were set up earlier this year by merging the coal mines and coal-burning power plants controlled by the state. Hunedoara includes the viable brown-coal mines of CNH mining company plus Mintia and Paroseni power plants. Oltenia includes the three mining and electricity holdings Craiova, Turceni and Rovinari and the lignite mines of SNLO.

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