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February 27, 2021
BUSINESS

Enel – a long term partner for Romania

Enel is the most important private investor in the power industry in Romania after taking over the majority stakes in three electricity distribution and supplying companies in the Banat, Dobrogea and Muntenia Sud regions. Enel is also the biggest Italian investor in Romania.

At present, Enel ’s operations in Romania are:

The supply of electricity through Enel Energie Muntenia and Enel Energie, and

The electricity distribution network of Enel Distributie Muntenia, Enel Distributie Banat and Enel Distributie Dobrogea, three companies operating in the regions with the same names.

Further to the acquisition of Electrica Muntenia Sud, Enel doubled its presence in the Romanian power distribution sector, reaching approximately 2.6 million customers, 93,000 km of network and about 5,500 employees.

Enel is now committed to integrating the existing companies in order to maximize synergies that can be achieved through increased efficiency, process streamlining and value creation. The process envisages the integration of the three distribution companies in a single structure and of the two sales companies in another structure.

“Our overall goal is to maintain and improve Enel’s leadership position in the Romanian electricity sector, keeping our commitment to be a long term investor and achieving a vertically integrated position across the whole value chain. But there are also important objectives that have to be accomplished in synergy with this main goal, such as to bring higher quality to our clients through our products and services and to modernize our infrastructure, thus making it compliant with the highest European standards.” states Claudio Zito, the new Chairman of Enel in Romania.

Speaking about the international presence and philosophy of the group, Claudio Zito adds that “In Romania as well as in all countries where Enel is present, we are following the same mission, namely to create and distribute value in the energy market, to the benefit of our customers’ needs, shareholders’ investments, supporting the competitiveness of the countries in which we operate. This is the philosophy of a company that experienced a remarkable international expansion over the past couple of years, reaching now the position of second listed utility by installed capacity in Europe, with a presence in 22 countries, approximately 83,300 MW of generating capacity and serving some 49 million power and gas customers.”

Despite the context of the global financial crisis, Enel is determined to pursue its investment plans in order to improve the electricity infrastructure in the regions of Muntenia Sud, Banat and Dobrogea, and to bring the network in line with the highest European standards. This investment plan envisages an overall 700 million euros allocated for the next five years. Thus, Enel is already developing projects to replace and modernize the network equipments and implements new technology – such as the Telecontrol systems – in order to reduce the duration and number of interruptions. In the commercial area, Enel started a program aimed at providing new services and facilities, as well as creating new contact points for the customers and developing a modern infrastructure.

Moving towards generation

Enel intends to become a vertically integrated operator on the Romanian market as well as entering the electricity generation area by following the Group’s operation model.

In this respect, Enel is pursuing several initiatives in the generation sector, with the objective to build a balanced portfolio of technologies – in the nuclear, clean coal and renewables sector.

Enel was selected among the six investors that will establish EnergoNuclear – the Project Company for the Cernavoda Units 3 & 4. Enel is expected to hold a 9.15% stake in the company.

Enel is also proceeding with the development of the Galati project, namely an 800 MW coal fired power plant. The company is also involved in a coal project at Braila as part of a consortium with E.ON Kraftwerke and in partnership with Termoelectrica.

At the same time, Enel is developing wind projects with a total approximate capacity of about 200 MW in Dobrogea, planning to start construction works for the first wind farm within this year.

The new Chairman of Enel in Romania, Claudio Zito, is determined to successfully accomplish all the strategic goals for Enel’s future in Romania: “I am planning to achieve all these objectives by delivering results for our shareholders and showing responsibility towards the community that is hosting us.”

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