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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's energy minister contemplates setting up hydro-nuclear holding

Romania's acting minister of energy, Virgil Popescu, likely to keep his position in the next Government, announced that he is contemplating the idea of setting up a holding company to include the largest and most profitable electricity producers in the country, the state companies Nuclearelectrica and Hidroelectrica. He mentioned this scenario at his hearing in Parliament, Profit.ro reported.

"We have been thinking about this for a long time, we also discussed the idea with the management of Hidroelectrica and with the management of Nuclearelectrica. A big player on the market that can expand outside Romania, on the regional market, like MOL or CEZ, expanded abroad, why wouldn't we do the same? Why wouldn't we dare to expand on the regional electricity market?" said Popescu.

Setting up such a holding is not included in the Ruling Strategy of the PNL-PSD-UDMR coalition, though. But the idea of creating an energy "national champion" by merging several state-controlled energy companies has been circulating in public for many years.

andrei@romania-insider.com

(Photo source: Gov.ro)
 

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Romania's energy minister contemplates setting up hydro-nuclear holding

Romania's acting minister of energy, Virgil Popescu, likely to keep his position in the next Government, announced that he is contemplating the idea of setting up a holding company to include the largest and most profitable electricity producers in the country, the state companies Nuclearelectrica and Hidroelectrica. He mentioned this scenario at his hearing in Parliament, Profit.ro reported.

"We have been thinking about this for a long time, we also discussed the idea with the management of Hidroelectrica and with the management of Nuclearelectrica. A big player on the market that can expand outside Romania, on the regional market, like MOL or CEZ, expanded abroad, why wouldn't we do the same? Why wouldn't we dare to expand on the regional electricity market?" said Popescu.

Setting up such a holding is not included in the Ruling Strategy of the PNL-PSD-UDMR coalition, though. But the idea of creating an energy "national champion" by merging several state-controlled energy companies has been circulating in public for many years.

andrei@romania-insider.com

(Photo source: Gov.ro)
 

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