BUCHAREST (Romania), September 16 (SeeNews) – Romania may list stakes of up to 15%-20% in the two national power holdings it plans to set up by the end of the year under a strategy to reshuffle its energy sector, local news agency Mediafax reported on Wednesday.
"We will not list more than 15%-20%," Mediafax quoted Economy Ministry state secretary Tudor Serban as saying.
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The economy ministry aims to draft a law by October setting up the two majors that will incorporate most of the country’s power generating assets and the holdings could be functional by 2010, Serban said.
One of the megastructures will comprise the Turceni, Rovinari and Craiova power generation complexes, the two reactors of the country's sole nuclear power plant Cernavoda, brown coal mining company Oltenia, half of energy distributor Electrica and two hydro power plants operated by Hidroelectrica - Valcea and Slatina.
The second company will incorporate the assets of power producer Electrocentrale Bucuresti, thermal power plants Deva and Paroseni, hard coal company CNH, the other half of Electrica, more than five hydropower plants, as well as gas producer Romgaz.