The Energy Complex Oltenia is in talks with six banks to access the necessary credit for the payment of emission certificates, said Sorin Boza, president of the company’s management. „We started the talks for a loan of 500 million lei needed to pay the emission certificates, a few months ago. We are currently in talks with six banks for this loan and in a week we will have the result and we will announce it“, said Boza, quoted by Agerpres.

Asked if there is a risk that CE Oltenia would go into insolvency, if it would not get the loan it wants, the company official said that this would not happen. „CE Oltenia is far from insolvency, it is a strong company and we have no debt. On the other hand, we are confident that we will take this loan,” Boza said.

He has shown the hope that by the end of this year, the capacity market mechanism, an instrument designed to support coal producers, will be implemented. „This mechanism is implemented in all European states and does not constitute state aid,” said CE Oltenia’s manager.

Basically, these are reserve capacities that some manufacturers keep ready for covering deficits. These producers would receive additional remuneration above the actual energy price.