COMPANIES ECONOMY ENERGY

PM Grindeanu, Enel Romania CEO Stassis discuss Romania’s energy security

Romania’s Prime Minister Sorin Grindeanu and Enel Romania CEO Georgios Stassis, on Tuesday met at the Government House to discuss Romania’s energy security and energy investment opportunities.

In a press statement released on Tuesday, Grindeanu is quoted as having underscored the Government’s concerns with energy supply security at competitive prices, improving efficiency of the energy system and supporting the production of energy from renewable sources.

Stassis is quoted as reconfirming the strategic interest in Romania of the Italian conglomerate, as Enel operates as a producer of electricity from renewable sources, as well as electrify distributor and supplier.

“Enel’s plans in Romania provide for an increase in investment, which is to increase to nearly 330 million euros over the next two years. At the same time, Enel has so far invested about three billion euros in developing its local operations,” reads the statement.

Stassis is further quoted as saying Enel will pay up more than 400 million euros this year to Romania under a ruling of the Paris International Court of Arbitration.

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