EFT arrives in Romania

Energy Financing Team (EFT), one of the largest traders of energy in Central and SE Europe has officially announced entry onto the Romanian energy market where it opened an office. EFT is also looking for power generation opportunities on the domestic market. The company moved on to a more aggressive strategy for the Romanian market, where its portfolio includes the new owner of the electricity distributor Electrica Moldova, the German E.ON Group, one of the leading players in the utilities sector in the world. The British trader, whose turnover is estimated at 400 million euros this year, has received a licence to supply electricity from the National Energy Regulation Authority, thus entering the market involving contracts for the sale of power to Romanian companies. “Romania offers a high potential in the region, both in terms of energy trading and the development of new energy generation facilities,” stated James Nye (photo), EFT”s general manager. ZF