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Competition Council head: Joint efforts afoot to speed up listing of Hidroelectrica, other majority state-owned companies

25/01/2021 12:58 The capacity to attract capital flows depends on supply, and in this respect we will all do our best to speed up the listing of Hidroelectrica and, possibly, of other companies where the state holds majority stakes, Competition Council president Bogdan Chiritoiu said today at a press conference dedicated to the 10th anniversary of the listing of Fondul Proprietatea (FP). Fondul Proprietatea s beginnings were met with skepticism. I remember that my boss at that time was skeptical about this method of compensating the former property owners. What I understood from these years is that the main benefit the Fund has brought to the economy has come from the economic governance. This is where the Fund was very useful for us as an institution and for the Romanian economy in general, because it improved transparency, it slimmed down certain practices in state-owned companies and sometimes helped us not to throw money out the window for expensive restructuring progra

Net electricity imports - up by more than 74% in 2020 compared to 2019 Although consumption decreased

de Adrian N Ionescu 17.01.2021 The net import of electricity in first 11 months of 2020 was already higher by 73.9% compared to the whole 2019, despite the consumption reduction, according to the data announced on Friday by the National Institute of Statistics (INS). The population’s consumption increased by 4.3%, but the consumption of the economy decreased by 6.3% due to the recession caused by the pandemic. The economy consumes 74.8% of the total. December will bring the net increase in imports up to over 74% for the entire 2020, as there were no reasons to reverse the trend since the beginning of the year. Between January 1 and November 30, net electricity imports amounted to 2.64 billion kWh (2.64 million MWh, or 2,640 GWh, or 2.64 TWh), in order to support a total final consumption decreasing by 4%, down to 48.54 TWh.

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