Emil Calota, a vice-president with ANRE, Thursday said the merger of heating distributor RADET and thermal power producer ELCEN is the only viable solution as regards providing heat to capital city Bucharest. He added the decision to merge the two companies should have been made 10-15 years ago.
ELCEN is the main thermal power producer in Bucharest and the southeastern city of Constanta and is about to merge through absorption with RADET, which supplies heat to end-users. RADET has major debts to ELCEN and difficulty in cashing in clients’ invoices.