Mihai David, Hidroelectrica: CEZ is not a model

Hidroenergetica and Electra, the two companies through which the state is trying to reorganise the national energy generation system, will become operational on the first day of next year, six months later than initially announced.
Mihai David, the general manager of Hidroelectrica, the biggest energy producer domestically, who is also in charge with the setting up of Hidroenergetica, says Romania needs two powerful energy companies that can compete with all kinds of “republics” like CEZ, E.ON, Enel, groups that have managed to build up significant positions domestically, on equal footing.
Hidroelectrica head says that groups like CEZ, often given as an example for the domestic market, are not a model in themselves, but have reached this position as they enjoyed a favourable context.
As for the investments Hidroenergetica needs, David estimates them at somewhere around 3-4bn euros over a five-year interval. The money will come from public-private partnerships, in which investors will not hold more than 50%, from banks and own funds.