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. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more