German energy company E.ON, which owns electricity and gas distribution businesses in Romania, has invested 104 million euros in Romania last year. This year, the company plans to increase its investments to over 108 million euros.
However, E.ON’s representatives say that the state should also provide some stimulus for such investments. CEO of E.ON Romania Frank Hajdinjak said that Romania needs to continue investing in networks to get closer to the current performance levels in more developed EU member states. In order to achieve this, it is essential to have a regulatory framework that stimulates investments and innovation.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed
Tags: E.ON.electricity, electricity distribution, gas, investment, regulation, Romania