* "The greatest risk: the evolution of the consumption of energy"
Nuclearelectrica is the main beneficiary of the liberalization of the energy market, Daniela Lulache, the chairman of the company, said on Friday. In her opinion, the main risk for the nuclear energy producer comes from the evolution of the consumption of energy in Romania.
"Nuclearelectrica does not pose any special risks compared to other issuers. The most important risk is represented by the evolution of the consumption of energy, but we will be a direct beneficiary of the liberalization schedule for the price of energy in Romania", the official of the company said, at the pre-launch conference for the IPO of Nuclearelectrica.
The IPO for the sale of 10% of Nuclearelectrica, by which the company will be listed on the BSE, has begun today.
Energy consumption in Romania is set to drop 4% a year by 2017, according to the management plan of Transelectrica.
Daniela Lulache said that last year, Nuclearelectrica has sold 70% of its output on the regulated market, whereas this year, that quota is expected to drop to 50%. Under these circumstances, the company's profit came mostly from the sales on the competitive market, he explained. "Up until now we have been selling a large share of our output on the regulated market. Last year we sold 70% of our output on the regulated market, and this year, 50%."
"The regulated market is not good for us, because it has small, regulated tariffs, and so far our profit came from the small share of the regulated market. Given the small and stable costs, as well as the stable output, the liberalization of the market can only lead to an increase in profitability", according to the CEO of Nuclearelectrica.
Ludwik Sobolweski, the CEO of the BSE (BVB), has expressed his confidence in the fact that the public offer will be successful. H
