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. 

 

Macquarie reportedly seeks to sell supply arm of its RO subsidiary bought from CEZ

Australian investment fund MIRA (Macquarie Infrastructure and Real Assets), which last year bought the Romanian operations of the Czech group CEZ for RON 4.7 bln (nearly EUR 1 bln), reportedly seeks to sell the energy supply arm CEZ Vânzare, according to unconfirmed information circulated among those familiar with the market.

"Our focus is now on maintaining the continuity of the electricity supply business in the best possible terms, given the current state of the energy market, for the benefit of all our customers," MIRA commented.

"The current state of the energy market" means financial pressures generated by the 'cap and subsidy' schemes enforced by the Government.

According to the latest available data, only 30% of the disbursements owed to energy suppliers under the scheme, meant to support the capped end-user prices, have been disbursed so far.

A final decision on the sale of CEZ Vanzare has not yet been made, but, according to the sources quoted by Economica.net, MIRA would be ready to sell it for EUR 15 mln.

The investment fund is particularly interested in keeping the distribution network (currently operated by Oltenia Energy Distribution) and the renewable energy generation capacities (Fântânele Cogealac wind farm and Caraș-Severin micro-hydropower plants).

CEZ Vânzare has about 1.4 mln domestic and commercial customers.

(Photo: Radovan Cmokon/ Dreamstime)

andrei@romania-insider.com

Normal
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. 

 

Macquarie reportedly seeks to sell supply arm of its RO subsidiary bought from CEZ

Australian investment fund MIRA (Macquarie Infrastructure and Real Assets), which last year bought the Romanian operations of the Czech group CEZ for RON 4.7 bln (nearly EUR 1 bln), reportedly seeks to sell the energy supply arm CEZ Vânzare, according to unconfirmed information circulated among those familiar with the market.

"Our focus is now on maintaining the continuity of the electricity supply business in the best possible terms, given the current state of the energy market, for the benefit of all our customers," MIRA commented.

"The current state of the energy market" means financial pressures generated by the 'cap and subsidy' schemes enforced by the Government.

According to the latest available data, only 30% of the disbursements owed to energy suppliers under the scheme, meant to support the capped end-user prices, have been disbursed so far.

A final decision on the sale of CEZ Vanzare has not yet been made, but, according to the sources quoted by Economica.net, MIRA would be ready to sell it for EUR 15 mln.

The investment fund is particularly interested in keeping the distribution network (currently operated by Oltenia Energy Distribution) and the renewable energy generation capacities (Fântânele Cogealac wind farm and Caraș-Severin micro-hydropower plants).

CEZ Vânzare has about 1.4 mln domestic and commercial customers.

(Photo: Radovan Cmokon/ Dreamstime)

andrei@romania-insider.com

Normal
 

facebooktwitterlinkedin

1

Romania Insider Free Newsletters