Around 80% of energy generating facilities in Romania areoutdated, with investments in the sector being needed more thanever before. However, the financial effort cannot be placed only onthe shoulders of private investors, and the Romanian state shouldbecome aware that in the absence of a coherent strategy, Romania islikely to become an importer of energy, believes Carmen Neagu,region executive of GE Energy for Romania, Bulgaria andMoldova.
"At European level, the need for new investments in the energysector is bigger than ever. In Romania 80% of the overall installedcapacity has outlived its life span," Neagu says.
In the past twenty years, in Romania there has been no sizeable newinvestment in thermoelectric and hydropower generation. There hasbeen no shortage of plans or strategies in the energy sector, butmore often than not they remained only on paper. Under thecircumstances, the only notable investments were made by theprivate sector. They include the 1.1 billion-euro wind farm thatthe Czechs at CEZ are building in Dobrogea (SE Romania) and the 500million-euro gas power station that Petrom is building in Brazi.Equipment for the two projects is provided by American giantGeneral Electric (GE).
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