30% market share eyed by Enel

The utility company Enel announced a change of name for the distribution companies it owns in Romania, Electrica Dobrogea and Electrica Banat. The two entities will alter their names so as to include Enel and will display the Italian company”s logo. “We will continue to discuss this in the Board of Directors but it is already certain. I believe it will change in no more than one month,” said Fulvio Conti, CEO of Enel. He added the company wanted to expand its portfolio on the distribution segment in Romania, to the limits allowed by the Competition Council. “We are only allowed a 30% market share, and we certainly want to attain it,” the Enel representative added. He said that if it failed to win the tender for Electrica Muntenia Sud, Enel would look for other opportunities for investment in other energy sectors in Romania, such as hydropower, energy generation and the nuclear segment. ZF