Autonomous Distribution of Thermal Energy (RADET) is to go bankrupt, the company Energetica, founded the Mayor Gabriela Firea, would disappear, and Bucharest’s thermal energy distribution and supply service would be provided by two new companies, the Termoenergetica Municipal Company Bucharest SA and Bucharest Municipal Energy Services Company, writes economica.net.

The new solution is submitted by the mayor Gabriela Firea for the approval of the Bucharest General Council and, surprisingly, is proposed by Gabriel Dumitraşcu, a former head of Radet and a current PNL member, possibly a candidate from this party at the City Hall of Bucharest.

Despite the bankruptcy of RADET, its services will not be interrupted, market sources said.

The two new companies are set up “in order to continue the service of providing district heating”, but also “because of the imminence of entering the bankruptcy procedure” of RADET, as even the City Hall says.

Termoenergetica will practically deal with the production of the thermal energy (in limited quantities, because 90% of the needs are provided by the Elcen power plants) and the distribution and supply of the thermal agent, basically what the former RADET did.

Energetica Services will take over the maintenance contracts and investment projects of Energetica, and, most importantly, will also deal with the EUR 17 million European POIM project for the rehabilitation of the district heating system.

“They accepted my proposal because they had no other solution. On 27 February, RADET will enter bankruptcy and they remained with no operator. The proposal will be put to vote in the Council, we have discussed with all the parties,” Dumitraşcu told us.

He also said that the capital increase of 1.2 billion lei for the purchase of Elcen claims will no longer take place.