Romania has the potential to become the home of major energyprojects, involving both conventional energy and renewable energy,but the lack of concrete high-level decisions on restructuring, aswell as on legislation, is delaying the materialisation of theseplans and sometimes scares investors away. In addition, manyspecialists have left the state sector to go private, with theprivate sector now asking for solutions from a sector currentlydepleted of human resources. And wherever they do exist, they arestifled by those appointed politically to the boards of companiesand to executive positions.
These are some of the conclusions drawn from the seminar organisedby ZF, "Focus on energy: Romania, a strategic location for bigprojects in the next decade," which had Peli Filip law firm,Bancpost, law firm Salans, Nuclearelectrica, Siemens, Alpha Bankand CEZ Romania as partners.
In Romania there has been talk of energy champions for years andyears, of projects worth billions of euros in electricitygeneration, of long-term strategies, of an attractive legislativeframework for green energy investors, but as of now none of theseplans has moved beyond the paper stage. Even more alarming is thefact that state representatives have failed to agree even at thisstage on how the energy system should be structured in the future,amid unanimous agreement that this is one of the few advantagesRomania has left.
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