Termoelectrica closes 3 stations

Termoelectrica, once Romania’s largest electrical and thermal power producer, is to begin its restructuring process by shutting down generators in Borzesti, Braila and Doicesti. This represents one third of the company’s still remaining generation capacity. Representatives from the Ministry of Economy and Trade say the generators due to be shut down produce 620 MW of power. Termoelectrica was established in August 2000, following the break up of Compania Nationala de Electricitate (National Electricity Company), and is now on the verge of bankruptcy. Termoelectrica, whose branches operate as independent entities on the energy market, underwent heavy restructuring in 2002 in which a number of thermoelectric power stations divested to local authorities. Other stations were “taken away” by the former heads of the Ministry of Economy to create the energy complexes in Oltenia – Electrocentrale Craiova, Turceni and Rovinari – with a view to privatisation. ZF