COMPANIES ECONOMY ENERGY

Transgaz and Transelectrica want to get involved in privatisation and development in Moldova

Prime Minister Victor Ponta on Tuesday announced that Economy Minister Mihai Tudose presented to a joint meeting of the Romanian and the Moldovan governments letters of intent from Transelectrica and Transgaz companies showing the companies’ interest in getting involved in the privatisation and development processes in the Republic of Moldova.
‘The Economy Minister, Mr Tudose, presented clear letters of intent from the Romanian companies Transelectrica and Transgaz on their involvement in the privatisation and development processes in the Republic of Moldova. The Romanian companies that have undergone restructuring and upgrading, have been listed on the stock market, have the necessary financial resources – because, as you know, the money from their listing was not taken away to the budget, but left with the companies in question – can achieve their investment programme in the Republic of Moldova,’ Ponta said at a joint news conference with his Moldovan counterpart Valeriu Strelet.
In his turn, Strelet said that the interest of Romanian companies in participating in the development of the energy system in the Republic of Moldova will allow his country ‘to come out of the vicious circle of dependency on only one route of supply of these energy resources and break free from the notion of hostage to a system that has become obsolete.’

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