The government wants an IPO for 10% of Hidroelectrica’s shares and 15% of the Oltenia Energy Complex, according to the Convergence Program 2019-2022.

„The Government is considering launching a primary public offer for the sale of a 10% stake in new shares issued to SPEEH Hidroelectrica SA and 15% of the newly issued shares in the Oltenia Power Complex SA by increasing the share capital”, says the document issued by the Ministry of Finance (MFP).

„For Energy Complex Oltenia SA, the CEO Strategy for the period 2019-2030, which aims to restructure and increase the efficiency of the activity in order to increase the attractiveness of the company for investors, was approved in 2018. Also, the company started a series of projects of investment in modernization and alignment with environmental standards. In 2018, the 330 MW project at Rovinari was started and the major investments started in the previous years will continue,” the document says.