Hydro-electric Plants and Mines to Choose from

The Ministry of Economy and Commerce (MEC) sells the viable mines, the micro-hydro-electric plants, but also the industrial spaces unused by the companies in its portfolio.

At the end of the month, the Ministry of Economy and Commerce (MEC) will put the "for sale" signs on a series of micro-hydro-electric plants, and other three series will be proposed to the investors later, Codrut Seres announced. "We will widen the investors’ access to the ones having energetic experience, not hydro-energetic experience only", Seres added.

RICH OFFER

There are 150 micro-hydro-electric plants in Romania, five of which, on the Firiza River in Maramures, have already been bought by the Italian company ESPE. The price was 34.7 billion lei, and other 53 billions were needed for investments. Other five micro-hydro-electric plants in Gorj have been sold to the Institute for the Study of the Hydro-energetic Projections. On the other hand, according to the obligations of MEC, which are mentioned in the pre-adherence to the EU Programme, Termoserv and Hidroserv (energetic services societies) will be privatised and "greyfield" investments will be proposed. They are based on the unused assets from the heating plants in Iernut, South Bucharest, Constanta and Galati.

THE MINES

MEC will also privatise the mines, which are viable for medium and long periods. They will start with the ones for non-ferrous metals. Actually, certain mines belonging to the mine societies in the MEC portfolio will be out for sale. The MEC offer will start a big battle, if we take into account the fact that more operators in the energetic and oil area expressed their interest, which refers even to the less viable mines or the barren amounts.

INDUSTRIAL HALLS

Also next week, the first list containing 100 assets (production halls and other industrial locations) will appear on the MEC website. They are not used by the commercial companies in the MEC portfolio. "25 of the assets in the first offer are in Bucharest and cover 10% of the available surface. The interested investors can purchase them using "cash" or financial schemes negotiated with the Office of the State’s Allotments and Industry Privatisation", Codrut Seres mentioned. The list will be complete after the other industrial spaces will be checked, as the Minister requested. Their lack of activity will also be verified.