CEZ has entered the privatization tender for the Romanian distribution company Electrica Muntenia Sud

CEZ Power Company continues its foreign expansion in the area of South-Eastern Europe by an official statement about its interest in the Romanian distribution company Electrica Mutenia Sud S.A.

This is already a second privatization process in Romania that we have participated in. We succeeded in the previous one for Electrica Oltenia last year and we increased the number of CEZ Group´s end customers by 1.4 million. By entering the tender for the distribution company Electrica Muntenia we affirm that we care about our operation in the region very much. Our effort to strengthen the position on the market is natural as we continue fulfilling our vision to become the leader of the power market in Central and South-Eastern Europe said Martin Roman, CEO and Chairman of the Board of Directors.

Electrica Muntenia Sud services over a million customers in the area of the capital city Bucharest and in the neighbouring regions of Giurgiu and Ilfov, and sells more than 4.5 TWh of electricity in a year. Electrica Muntenia Sud neighbours directly on the distribution company Electrica Oltenia, where CEZ succeeded in the privatization tender at the end of last year and signed the privatization agreement at the beginning of this year´s April.

The distribution company in Romania is directly continued by three distribution firms of CEZ Group in Bulgaria. By acquisitions up to now, CEZ has almost doubled the number of its end customers to the total 6.6 million and came up to the eighth place among the European power companies by this criterion.

Eva Novakova, Press Officer, CEZ, a.s.

 

Published
19
September 2005