Germany's E.ON, present domestically with electricity and natural gas distribution and supply operations worth over 1bn euros, says that amid the crisis competition for companies' money as regards investment projects is very high and Romania, because of market conditions, is not at the top of the list.
"(...) The investment need for the energy segment amounts to at least 10bn euros, but how can you attract investors without a solid regulation framework?" stated Frank Hajdinjak, general manager of E.ON Romania.
Hajdinjak's message comes in the context where CEZ, one of the energy groups with a major presence domestically, has given up in its turn two major investments in Romania, namely the stake it had in the project related to reactors three and four of Cernavoda nuclear power station and plans for the construction of a 400m-euro station running on gas in Galati. Also, major projects due to be carried out in a public-private partnership for the construction of some thermoelectric power stations have been delayed for more than two years.
Germany's E.ON, present domestically with electricity and natural gas distribution and supply operations worth over 1bn euros, says that amid the crisis competition for companies' money as regards investment projects is very high and Romania, because of market conditions, is not at the top of the list.
"(...) The investment need for the energy segment amounts to at least 10bn euros, but how can you attract investors without a solid regulation framework?" stated Frank Hajdinjak, general manager of E.ON Romania.
Hajdinjak's message comes in the context where CEZ, one of the energy groups with a major presence domestically, has given up in its turn two major investments in Romania, namely the stake it had in the project related to reactors three and four of Cernavoda nuclear power station and plans for the
