Member of the Supervisory Board of EC Oltenia Dumitru Marculescu said that there is a material of the control body of the Ministry of Energy which provides measures to recover any damages caused to EC Oltenia, regarding some contracts carried out during the period 2017-2019. The Board was given this document in late 2019, and it gave the legal office and the directorate the measure that these actions of patrimonial responsibility should be drafted, in order to promote legal actions regarding the recovery of these potential damages. The Supervisory Board of EC Oltenia could decide, at the meeting at the end of March, to suspend the functioning of the management board, a measure that will be approved in the general meeting of shareholders.
Sorin Boza, who was demoted from the position of General Manager at the beginning of the year, argues that this was done through political pressure, being an unjustified measure. He previously stated to that he will not challenge the decision of the Supervisory Board and that he will remain in the simple composition of the company’s Executive Board until the end of the term, in October.
In late January, the Supervisory Board of EC Oltenia decided to replace the Chairman of the Board of Directors due to the damage to the company and the fact that he was not legally selected.
Tuesday, August 18
Trending
- Serbia’s grid freeze redraws the economics of wind investment
- SEE spot power prices surge on August 17 as demand recovers and weaker wind tightens regional balance
- Slovenia: Krško raises reactor output to 90% as Sava temperatures ease
- Slovenia: Krško nuclear output slips below monthly plan despite full plant availability
- Econergy secures financing for 342 MW Romanian solar-storage project
- Croatia: HEP advances 160 MW Vinodol pumped-storage project
- Bulgaria battery boom starts reshaping solar price formation
- Market News Roundup CW33



