Energy Financing Team, one of the biggest energy traders in Central and South-Eastern Europe, which has recently entered the domestic market, estimates it will reach sales worth around 20 million euros during its first year of direct operations.
"Considering it is only recently that we''ve got the supplying licence on the Romanian electrical power wholesale market, we haven''t signed any contract with Romanian consumers as yet. On the other hand, we are about to finalise some negotiations and we hope to set contractual relationships some time soon," stated Nenad Savic, communications manager with EFT Ltd.
"The total value of contracts we are currently negotiating is below the level of 20 million euros," specified the company''s representative.
The company has been brokering power exports from Romania since 2001, purchasing power from producers such as Hidroelectrica or Termoelectrica. Last November, the company officially announced its entrance on the Romanian market, where it opened an office.
Ever since it arrived on the market, the trader has stated its interest in developing production facilities on the domestic market.
"In Romania, we are particularly interested in two hydropower stations, and our engineers are conducting preliminary research and assessing these projects," says Savic. Hydropower stations are currently the cheapest production facilities on the electrical power market. The market of electrical power producers continues to be dominated by state-owned companies such as Termoelectrica, Hidroelectrica, Nuclearelectrica or Oltenia-based major energy complexes.
The opening of the power market, practically offering major consumers the possibility of choosing the best power supplier in terms of cost efficiency, is a major business opportunity for electrical power traders, but is also posing a risk for electrical power distribution companies, seeing their customer portfolios shrink. roxana.petrescu@zf.ro
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