Energy trader MET interested in ČEZ’s Romanian wind farm

Telco

Photo by Gabriela Insuratelu/Shutterstock.com

MET România Energy, part of Switzerland-mased MET, one of the largest energy suppliers on the free market, is interested in the acquisition of assets put up for sale by ČEZ Romania, particularly the Fântânele-Cogealac wind farm, local media reported citing MET România general director Petre Stroe.

Wind turbine farm at sunset in the Dobrogea region of Romania. Photo by Gabriela Insuratelu/Shutterstock.com

“We are interested in ČEZ assets, especially the wind farm. We have submitted a non-binding letter, but there are many steps to be taken next year. We want to analyze what it means to buy an already built wind farm compared to one based on new technology that can add a gas-fired cogeneration component,” Stroe said, Profit.ro reported as cited by news portal Romania-insider.

Czech utility group ČEZ intends to sell its entire business in Romania, which includes electricity distribution and supply, concentrated in Oltenia, southern Romania (247 km west of Bucharest), and energy production, concentrated in Dobrogea (225 km east of the Romanian capital).

MET Group, established in 2013, is active in the trade and supply of energy, natural gas and oil, as well as in the production of electricity. The company operates in more than 20 countries. The largest shareholder of MET is the Hungarian energy group MOL, which owns 40% of the shares, the rest of the shares being owned by three individuals, Romania-insider says.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.