Romania's energy sector needs investments worth some 100 billion euro ($123
billion) until 2035, a draft government strategy for the sector's development
indicated.
The country should focus on promoting investments in the
energy sector by ensuring a stable, predictable and transparent market
environment, according to the draft national energy strategy for the 2015-2035
period, which was published on the state energy department's website on
Friday.
The main goals outlined in the strategy are the interconnection
of Romania's power transmission system with neighbouring countries, the
exploitation of natural gas deposits discovered in the Black Sea and the
construction of pipelines for its transport, the construction
of the 1.0 gigawatt Tarnita pump-storage power plant, developing smart metering
and smart grid infrastructure, and the construction of two more reactors
at Cernavoda nuclear power plant.
The strategy, which is pending public
debate, should be approved by May 2015. In 2007 the Romanian government adopted
a strategy for the sector's development through 2020.
Commenting on the
draft strategy, Raiffeisen Bank said in a note to investors on Monday that it
sees the news as neutral for the share price of energy companies listed on the
Bucharest Stock Exchange - OMV Petrom, Romgaz ,
Nuclearelectrica, Transgaz and Transelectrica, as
well as for investment fund Fondul Proprietatea, which holds stake in
many local energy companies.