Surprising bids for Electrica

Italian group Enel is the only European energy giant to have voiced interest in the privatisation of Electrica’s Banat and Dobrogea branches. Other letters of interest came from Greek state-owned company Public Power Corporation, BKW FMB Energie AG (Switzerland), EVN AG (Austria), the consortium Grivco Energy (Romania) – ABB (Sweden) and the employee associations “Univers” and “Electrica Service.” Italian group Enel has been negotiating with Hidroelectrica since last year, in order to invest some $500m in finalising several Romanian power plants, according to the latest available data. ZF