May 28th, 2012 |
Private power supplier Repower Romania, the local subsidiary of Swiss-held Repower group, plans to go into electricity generation and invest about EUR250 million on the local market in the next ten years.
The company is currently in talks over wind power projects and is looking at two such projects in Dobrogea and Galati (SE Romania) with an eye to acquisition.
It will start its energy generation business with wind power, but has no major investment plans in this department. It is looking at small wind power generation facilities and sees it as a way to enter the market of energy producers, said Ambrogio Cassini, country manager of Repower Romania.
Wind farms are the most fashionable industry to invest in locally, having already attracted over EUR1.5 billion, therefore the 14 MW of wind farms in 2009 turned into more than 1000 MW this year, all of which installed in Dobrogea. The largest investors in this business are Czech-held CEZ, Energias de Portugal and Italy’s Enel. CEZ is due to finish a EUR1.1 billion investment in the largest land-based wind farm in Europe in two small towns in Dobrogea this year.
Cassini did not say exactly who the owners of the wind power plants considered for the acquisition were, but said the talks would most likely produce a tangible result next year.
The Repower official added investments in Romania would focus on hydropower production in time, but had not decided whether to buy a hydropower plant or build one. Whatever it may be, the company is interested in medium capacity hydropower plants and an area that drew its attention is Maramures (northern Romania), Cassini said.
Repower posted about EUR90 million revenue in 2011, slightly up from the about EUR80 million of 2010. It sold about 1.3 TWh of power last year, and its market share reached some 5% according to the data provided by the company.
(English version by Loredana Fratila-Cristescu)
Sources ZF
Posted in Energie