PPC has become, in less than a year, the first investor in electricity in Romania, after investments of almost 3 billion euros, and its production capacity has increased substantially in a very short time, reaching about 1.3 GW from renewable sources, said Alessio Menegazzo, CEO & Country Manager of PPC companies in Romania, on Wednesday.

“For us, this is an extremely important moment, even if it seems like just screens. This means something fundamental for us. PPC, as you well know, in less than a year, became the first investor in electricity in Romania. We have invested approximately 3 billion euros in Romania since we have been present, with the takeover of ENEL, with subsequent acquisitions and our investment plan in the energy production part, in electricity networks is very ambitious. We want to continue and we have every confidence that we will have all the support from all institutions, as this investment process for Romania will be smooth, smart, coherent with the energy transition and as friendly as possible towards the final consumer, be it household or industrial,” said Menegazzo, according to Agerpres.

He stressed that the investments made by the company aim to increase Romania’s competitiveness, in the context we find ourselves in.

“Our power, our production capacity has increased substantially in a very short time, now we are at about 1.3 GW of installed capacity in Romania from renewable sources, obviously. This is also an element that signifies the importance of digitalization in the energy process, in the dispatching part. (…). The consumer has an increasingly important place in terms of the energy transition, the energy system, and we must be extremely aware of this. All regulations, all legislative changes, all investments must have a purpose: the final consumer must be the beneficiary of the energy transition and the Green Deal. Otherwise, we have failed, and we have failed collectively – the institutions, be they regulatory, political, governmental, or private players, large and small. If there is no shared vision and a roadmap that is coherent for everyone, we will fail and I think no one wants a failure,” added Alessio Menegazzo.