Officials of the European Bank for Reconstruction and Development said the institution is considering to invest in the acquisition of shares Electrica, the company that will be listed this month at the Bucharest Stock Exchange and the London Stock Exchange, said Louis Borgo, senior banker in the Department of energy from the EBRD.

“We consider investing in Electrica, look at this opportunity, but we have not made a decision yet,” said Borgo, quoted by Agerpres.

Authorities expect to get more than 300 million euro from the sale of 51% stake in Electrica as the initial public offering will begin on June 16, said Tuesday the head of the privatization of the Department of Energy, Gabriel Dumitraşcu.

According to him, the energy sector requires investment of 30 billion euro, a sum which will be confirmed or revised in the autumn, with the launching of a new energy strategy of the country. Whilst Electrica will bring in a minimum of 300 million euro for its 51% shares.

“The energy infrastructure requires investment is 30 billion. Once we adopt new energy strategy, these calculations will be updated. We talk strategy projects, deadlines, the destination of this money, “said Dumitraşcu.

He said the funds obtained from the process of listing on the stock exchange company Electrica will be used to strengthen networks.

“It’s easy to see why you should move the proceeds of the listing process: first, investment in networks, second – for investment in networks and the third – all investments in networks,” Dumitraşcu said.