ACTMEDIA NEWS AGENCY

  |  2013-04-25

Cogeneration tax and plans for re-industrialization of the country

The Department of Energy is planning the establishment of two - three energy companies, by merging the existing ones in 2014, in the context of the competition between producers using coal and those using hydro and nuclear power, also analyzing the option of setting up a mammoth fund with the assets of all companies in the sector, that would work on the principle of financial investment companies.

The Minister delegate for energy, Constantin Nita, gave an interview to AGERPRES, talking about the cogeneration tax, but also about some projects on privatization and relaunch of the Romanian power industry.


Regarding the elimination of the cogeneration tax, the Minister delegate said that the ministry wants to make a change, give the money raised from this tax only to those producing high efficiency cogeneration and not to all.



'The idea is to reduce price costs, especially for industrial consumer, but also for the household one. Green energy is clean, but it is very expensive, creates big problems for the economy and household consumers ', said Minister Delegate Nita.



In respects of royalties paid by companies to the state, for used resources, Minister Nita said that their level has to be changed, which is the job of ANRM (the National Agency for Mineral Resources - editor's note), set to develop the necessary regulations together with us, because 'some royalties are at European level, others are not '.



To re-industrialize the country, Minister-Delegate Nita has several proposals, including: development of industrial parks (those industrial clusters), financing SMEs through a risk taking investment fund, more efficient use of the two guarantee and counter-guarantee funds as means aimed to lead to an easier financing of SMEs and creation of a bank for SMEs.



In respects of privatization of state owned companies, Minister delegate Nita said that Romania is observing commitments assumed in relation to the international institutions on the sale of minority stakes in Transgaz, 'which was a success, no matter what some would say, who have no idea what the capital market means', to be followed by Nuclearelectrica, at the end of May, Romgaz in the autumn, Oltenia Energy Complex, Electrica SA, as well as Hidroelectrica, should it exit insolvency.



About the idea of creating a mammoth fund, formed of the energy companies assets, the Minister delegate said that it would be composed of all the share packages in the state owned companies and managed as a financial investment company.

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