BUSINESS

Only the High Council for National Defence can annul decision to set up energy giants

The decision to set up the two national energy giants, Electra and Hidroenergetica, was made within the High Council for National Defence (CSAT) and it can only be annulled at the same level, according to the Ministry of Economy, Commerce and the Business Environment, quoted by HotNews.ro. In the absence of such a decision, the project will continue, even if it was rejected by an irrevocable ruling of the Bucharest Court of Appeal. The Ministry of Economy further argues that alternative ways of restructuring the energy sector will be applied after December 31, 2011. HotNews.ro recently reported that the Ministry of Economy had drafted an energy strategy project which included the failed plan to set up Electra and Hidroenergetica.

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