Romania has the potential to become the home of major energy projects, involving both conventional energy and renewable energy, but the lack of concrete high-level decisions on restructuring, as well as on legislation, is delaying the materialisation of these plans and sometimes scares investors away. In addition, many specialists have left the state sector to go private, with the private sector now asking for solutions from a sector currently depleted of human resources. And wherever they do exist, they are stifled by those appointed politically to the boards of companies and to executive positions.
These are some of the conclusions drawn from the seminar organised by ZF, "Focus on energy: Romania, a strategic location for big projects in the next decade," which had Peli Filip law firm, Bancpost, law firm Salans, Nuclearelectrica, Siemens, Alpha Bank and CEZ Romania as partners.
In Romania there has been talk of energy champions for years and years, of projects worth billions of euros in electricity generation, of long-term strategies, of an attractive legislative framework for green energy investors, but as of now none of these plans has moved beyond the paper stage. Even more alarming is the fact that state representatives have failed to agree even at this stage on how the energy system should be structured in the future, amid unanimous agreement that this is one of the few advantages Romania has left.
Romania has the potential to become the home of major energy projects, involving both conventional energy and renewable energy, but the lack of concrete high-level decisions on restructuring, as well as on legislation, is delaying the materialisation of these plans and sometimes scares investors away. In addition, many specialists have left the state sector to go private, with the private sector now asking for solutions from a secto