Competition analyzes the takeover of the Steag companies by Hidroelectrica

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Competition Council analyzes the transaction through which the Electricity Production Company in Hidroelectrica Hidroelectrica intends to take over Crucea Wind Farm and Steag Energie Romania, announced the institution.

Hidroelectrica is one of the main producers and suppliers of energy in Romania, as well as a provider of system technological services.

Main activity of Crucea Wind Farm is the production and sale of electricity in Romania, through the Crucea Nord Wind Power Plant, with an installed capacity of 108 MW, while Steag Energie Romania provides technical engineering services and monitors the services provided by various suppliers for Crucea Wind Farm S.A.

In accordance with the provisions of the Competition Law (no. 21/1996), this operation must be authorized by the Competition Council.

The competition authority will assess this economic concentration in order to establish its compatibility with a normal competitive environment and will issue a decision within the time limits provided by law.

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