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EU investigates in depth restructuring support for Romanian energy companies

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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The European Commission has launched an in-depth investigation to assess whether the public support measures received by energy producers in Romania comply with EU rules
.

EU investigates in depth restructuring support for Romanian energy companies

In April 2015, the European Commission approved €37.
7 million in interim relief assistance to Complexul Energetic (CE) Hunedoara
.
It is a Romanian state-owned electricity and heat producer that also operates hard coal mines to fuel its power plants
.
The company has been facing financial difficulties
since 2013.

If Romania is unable to repay its financial support within six months, Romania undertakes to submit a restructuring plan to ensure the company's future viability
.

In addition, the European Commission said in a separate decision that CE Hunedorara must reimburse about 6 million euros in incompatible state aid
.

At this stage, however, the Commission doubts whether the proposed restructuring plan can restore the long-term viability
of the company with sustained State support.

The survey is open to third parties and gives them the opportunity to submit their comments
.

，

The European Commission has launched an in-depth investigation to assess whether the public support measures received by energy producers in Romania comply with EU rules
.

survey

EU investigates in depth restructuring support for Romanian energy companies

If Romania is unable to repay its financial support within six months, Romania undertakes to submit a restructuring plan to ensure the company's future viability
.

In addition, the European Commission said in a separate decision that CE Hunedorara must reimburse about 6 million euros in incompatible state aid
.

At this stage, however, the Commission doubts whether the proposed restructuring plan can restore the long-term viability
of the company with sustained State support.

The survey is open to third parties and gives them the opportunity to submit their comments
.

，

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