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September 12, 2019 8:03 pm | FILED UNDER: business

Hidroelectrica To Bid For CEZ Assets

By Matt Atlas

Romania’s state-owned energy company Hidroelectrica said it is interested in bidding on all of the Romanian assets of CEZ and Enel.

 

Hidroelectrica’s announcement comes shortly after CEZ set a deadline of 25 September for bidders to express their interest in their Romanian holdings on 9 September.

 

The companies head, Bogdan Badea told reporters the bid process has been hampered by the “lack of an energy minister.” The procedures involving a state-owned entity is government-mandated in Romania.

 

Romania has not had an energy minister since 26 August, when the ruling Social Democrats lost the majority in parliament after a junior ally resigned from the government over a policy dispute.

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