December 7 (SeeNews) - Romania's anti-trust authority, the Competition Council said on Wednesday that it allows coal-based electricity producer Complexul Energetic Oltenia (CE Oltenia) and energy provider Tinmar to establish an association for the construction of a combined cycle power plant.
The anti-trust body’s analysis showed that an association between the two entities poses no significant threats to the national market and that there are no serious doubts regarding its compatibility with a regular competition environment, it said in a press release.
At the beginning of the year, CE Oltenia selected Tinmar Energy as investor in the project following a public tender, according to data available on CE Oltenia's website. In October, CE Oltenia's shareholders rejected the association with Tinmar Energy due to an issue related to transaction documents, data indicated.
In November, CE Oltenia announced that it was resuming talks with Tinmar for for the construction of four solar parks and a gas-fired power plant with a total installed capacity of 755 MW.
Tinmar is an integrated provider of electricity, natural gas and solar energy, according to its website.
CE Oltenia is Romanian public company active in mining, power generation and local heat supply. The company is the third largest producer of electricity in Romania.
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