GE Energy boss: To us, development is linked to geology. We are where resources are

John Krenicki, chairman and CEO with GE Energy, the energy unit of General Electric US giant, says his view about Romania has not changed in the past two recession years, comparing the relationship between the company he runs and the Romanian market to a marriage. “We are permanently here, in good times and in bad,” says Krenicki, running a global 37bn dollar business.

Since his last visit to Romania, in 2008, GE Energy has turned into a major equipment supplier for the new energy projects that have emerged on the domestic market.
GE “marriage” with Romania makes sense from several points of view. Beyond the decisional incoherence of the political factor, two things are very concrete: market size and resources.
“Romania is a big country, with many inhabitants and particularly with energy resources. It is a country with good perspectives for the future. For us, development is to a largely linked to geology. We must be where resources are. Poland, Russia, Romania, Caspian countries are countries with resources where we want to grow,” Krenicki said.