Romanian energy transporter Transelectrica and gas transporter
Transgaz want to buy stakes in energy companies in the Republic of
Moldova that will be privatized.The
two companies’ representatives handed their intention letters to
Moldovan officials during a joint meeting of the Romanian and Moldovan
governments that took place yesterday at Neptun.
Prime Minister Victor Ponta announced this spring that the two
companies, as well as the gas producer Romgaz had funds for investments,
so they could buy stakes in energy companies in Moldova. In February,
electricity distributor Electrica also said that it was interested to
enter the energy distribution market in Moldova through an acquisition.
In the last two years, the Government of the Republic of Moldova has
included on the privatization list the electricity distribution
companies RED Nord and RED Nord-Vest. It plans to sell a 75% stake in
each. The procedure was, however, cancelled in the spring of 2014, after
only one Russian bidder remained in the race.
(romania-insider.com)