Total revenues are expected to fall slightly to RON6.19 billion this year, from RON6.24 billion in 2012, but costs are seen stagnating at RON6 billion.
Oltenia has scheduled total investments worth RON1.58 billion in 2013, up 37% from RON1.15 billion in the previous year.
Oltenia energy holding was set up in 2012, following the merger of several thermal power plants and coalmines. The holding operates 12 separate power units with a total installed capacity of 3,750 megawatts, covering over 30% of Romania’s annual electricity production.
The Economy Ministry owns 77% in the holding, while investment fund Fondul Proprietatea (FP.RO) has a 21.5% interest.
Oltenia plans to list 12% of its shares in Bucharest by the end of the year. (EUR1=RON4.3375)