Energy traders eye Romanian hydros

After transactions involving electrical power, the traders operating in Romania are now interested to invest in the cheapest energy-producing source on this market, the hydropower plants. UK’s Energy Financing Team, as well as local companies Energy Holding and Romelectro are interested in the projects launched by Hidroelectrica to complete a number of hydropower plants under construction, an about $1.3-$1.5bn business. Energy Financing Team, one of the most powerful energy traders in SE Europe, intends to invest up to 10 million euros in low power hydros and this way become an energy producer on the Romanian market. “Our Romanian projects target two directions: energy buy-sell deals for our clients here and, on the other hand, our interest to invest 5 to 10 million euros in low-power hydros. To that end, we’ve had talks with Iulian Iancu, state secretary with the Ministry of Economy and Trade to see where they would like to see us involved, I mean in what project (…),” James Nye, director within Energy Financing Team told Ziarul Financiar. ZF