“We’ve started talks with potential partners from Turkey, Greece, Hungary, Austria, Germania and Moldova,” CE Oltenia told Mediafax reporters Thursday.
The holding also wants to expand its business into the hydropower and solar energy sectors.
“Reaching a balance between conventional and renewable resources would help CE Oltenia to maintain a market share of around 28%,” the company said.
CE Oltenia holding was found in 2012 following the merger of mining company Societatea Nationala a Lignitului Oltenia and energy producers Turceni, Craiova and Rovinari.
The company has a share capital of 1.27 billion lei (EUR289 million). The Economy Ministry is majority holder, with a 77.17% stake, while investment fund Fondul Proprietatea (FP.RO) owns 21.53%.
CE Oltenia expects a net profit of RON151.2 million in 2013, on total revenue of RON6.19 billion. (EUR1=RON4.4527)