The Minister of economy wants to privatise the companies in his supervision and find out what invest

The minister of economy will require the government for a new mandate to initiate privatisation or share sale for the energy companies, after receiving such powers in the previous years, but without any result, estimating that he could draw over 10 billion euro. The minister drew up a document where he requires a special mandate on the part of the government regarding the administration, investment and share value up to 2012, for the companies under his supervision.

The document considers that a new mandate as irrespective of the economic sector where the company is part the ministry of economy, through the Office for State Assets and Privatisation in Industry, will take into consideration in order to draw the financial resources and the undertaking of public bids for the companies in the portfolio, as well as the sale of shares for the companies traded on the Stock Exchange Bucharest.

In the case of energy units Turceni, Rovinari and Craiova for which the privatisation process was stopped in December 2006 as well as Termoelectrica and Uzina Termoelectrica Midia Navodari, the government will analysed other methods to draw investments among which the type of projects « : Green/Brown Field ».

For Petrotrans Ploiesti, which is under the procedure of insolvency, there will be a normative document regarding the possibility to manage by an operator or the setting up of joint companies with the purpose of managing the goods in the public domaina and the ecologisation of the land, in order to reintroduce it in other economic circuits.

The shares owned by Conpet Ploiesti will be sold to other commercial companies and the sale on the stock exchange of a share package and Oil Terminal Constanta will be monitored so that the present facilities allow the taking over of a part of the oil quantity, the one left being deposited in a new area which the company wants to develop.

« Taking into consideration the strategic position the company Oil Terminal owns in the Romanian economy, the opportunity of drawing investments through the setting up of joint companies, association and/or social capital increase, cooperation contracts and/or minority package valorification of shares on the capital regulated market, with the majority share package in the state ownership » the document says.

For the company « Societatea Nationala a Apelor Minerale si Societatea Nationala a Sarii » the government will approve strategies of restructuring and reorganisation. Thus, in the case of Mineral Waters there will be drawn up a study regarding the water resources and the way of putting them to value, including estimates regarding the market and consumption evolution, on the basis of which clear objectives will be settled for restructuring and privatisation.

« On the basis of this study there will be drawn up a specified strategy for the domain of mineral waters and will reanalyse the situation of concession licences for exploitation areas » it is the government strategy.

The quoted source shows the restructuring of the Societatea Nationala a Sarii must take into consideration the fact that salt is a basic element, used directly or indirectly for the production of over 80 chemical products with over 14,000 usages.
« Drawing investment for the retechnologisation of exploitations of salt is essential under the conditions where the company had a drop in economic-financial results as a result of low performance of the equipment, a reduction of the domestic market due to the decline of products and environment matters » the material shows.
For the Naval Site Mangalia and Uzina Mecanica Orastie there will be restructuring and reorganisation with specified terms and measures, so that privatisation be analysed. At the same time, opportunities will be analysed regarding investment by the setting up of joint companies and/or sale of assets/shares, which do not compete with the main area of activity.
As for IAR Brasov the authorities consider the development of the company with joint capital, through the sale of capital and the privatisation through negotiation. In this sense, there will take place the reconfiguration of the IAR Brasov business area through transfer of assets/shares of the company to the joint company Eurocopter Romania.
For Oltchim Ramnicu Valcea there will be drawn up a development strategy with measures including 2013, to prepare the company for privatisation and for Romplumb Baia Mare there will take place the sale of shares owned by the ministry of economy, as they clarify the structure of the shareholders and the capital owned.
The document shows the fact that, by drawing investments, there should be ensured capital sources necessary to develop the energy system which are estimated at over ten billion euro by 2015.