Ovidiu Neacsu, a founding partner of Sierra Quadrant, the company that has managed ELCEN reorganization since 2018, says the process whereby ELCEN managed to exit insolvency has been a difficult one and involved two reorganization plans and four years of sustained activity.
He believes the role and organization of city halls must be entirely reshuffled so that these institutions and the persons running them should be subject to political control as little as possible so as to be able to efficiently work in citizens’ interest.
In the coming period, ELCEN will mainly focus on the implementation of major investment projects, such as the construction of new high-efficiency CETs.
ELCEN also plans to modernize and boost the efficiency of its cogeneration plants.
(English version by Catalina Apostoiu)