Each energy company under the authority of the Ministry of Economy, Energy and Business will be obliged to adopt until June 15, 2020 an investment plan for the next five years, according to an order signed by Minister Virgil Popescu, quoted by HotNews.ro. Thus, each energy company under the authority of the Ministry of Economy, Energy and Business Environment will develop and adopt an investment strategy for the next five years until June 15, 2020, which will be discussed and adopted in the General Meeting of Shareholders.

The strategy will have to contain the new investment projects to be carried out between July 1, 2020 and July 1, 2025, as well as the modernization of the current assets in operation.

The investment objectives assumed and approved by the General Meetings of the Shareholders will be included in the management mandates of the current and future executive directors.

Failure to adopt these strategies in due time will generate a process of evaluation of the activity of the executive and non-executive administrators that will last until August 1, 2020. The General Directorate of State Administration within the Ministry of Economy, Energy and Business Environment has the obligation to carry out the fulfillment of the present order which concerns companies in which the state is a sole or majority shareholder. The provisions do not apply to companies in insolvency proceedings, according to Hotnews.ro.