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October 29, 2020

Pole tax to be found in consumers’ bills as of July

The 12th edition of World Energy Council (WEC) Central&Eastern Europe Regional Energy Forum-FOREN 2014, with the theme ‘Tomorrow Energy: From Vision to Reality’, takes place in Bucharest, Romania, Palace of the Parliament, during 22-26 June, 2014. Marian Cernat, director with the National Energy Regulatory Authority, was present at this event, and said on this occasion that the institution he represents will recognize as of July 1 the expenses of Hidroelectrica and Nuclearelectrica for special constructions on the power bills. According to Cernat, the expenses incurred by the two power producers with the first stage of the pole tax will be taken into account. “The adjustment has nothing to do with the double billing, but with the pole tax. The impact on the final bill is still unknown,” said Cernat. The tax on property on special constructions of 1.5 percent of the construction value was adopted earlier this year. The first chunk of tax was paid by May 26 and the second has September 25 as deadline. According to the estimations made by Hidroelectrica’s legal administrator, the company must pay RON 163 million this year on special constructions whereas the costs for Nuclearelectrica are evaluated at about RON 100 million. The government estimates that the pole tax revenue will amount to a total sum of RON 1.5 billion.

SOCAR still interested in taking over Oltchim
On other topic, the Azerbaijani public oil company SOCAR is still interested in taking over the petrochemical plant Oltchim Ramnicu Valcea and analyzes this opportunity,” said SOCAR Romania CEO Hamza Karimov, during FOREN 2014, without any concrete opinion on this. According to him, the Romanian part and the branch in Romania have already sent the technical data on Oltchim to the parent-company, which is going to analyze the opportunity and will make a final decision, according to economica.net, quoting Agerpres. “We have another petrochemical plant in Turkey, Petchim, and we have planned investments in amount of EUR 6 to 7 billion in a refinery in Turkey, on the petrochemical area. Oltchim’s advantage is that they produce cheaper,” said Karimov.

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