Romania, MIRA is considering selling CEZ Vanzare

, SEE Energy News

According to unofficial sources, Australian investment fund MIRA (Macquarie Infrastructure and Real Assets), which last year bought the Romanian business of the Czech group CEZ for almost 1 billion euros, is considering selling electricity supplier CEZ Vanzare.

The press release from MIRA said that the focus is now on maintaining the continuity of the electricity supply business in the best possible terms, given the current state of the energy market, for the benefit of all customers. The current state of the energy market means financial pressures generated by the “cap and subsidy” schemes enforced by the Government.

According to the latest available data, only 30 % of the disbursements owed to energy suppliers under the scheme, meant to support the capped end-user prices, have been disbursed so far.

A final decision on the sale of CEZ Vanzare has not yet been made, but, according to the sources, MIRA would be ready to sell it for 15 million euros.

The investment fund is particularly interested in keeping the distribution network (operated by Oltenia Energy Distribution) and the renewable energy generation capacities (Fantanele Cogealac wind farm and Caraa-Severin small hydropower plants).

CEZ Vanzare has about 1.4 million residential and commercial customers.

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