“One of the greatest challenges for Enel Romania is the debt owed by CFR, which now stands at EUR187 million and it keeps rising,” d’Agnese told a news conference.
Annually, the debt owed by CFR to Enel’s three local units grows by an average EUR30 million.
The railway operator owes a total EUR450 million to energy distributors on the Romanian market.
In 2008, CFR concluded an agreement with the energy distributors, for the payment of debts. Payments were performed for several months, but soon the company discontinued the repayment and started accumulating new debt.
d’Agnese added Enel is considering all options to recover the debt from CFR.
Enel has been active on the Romanian energy market since 2005 and it is a producer, distributor and supplier of electricity. In Romania, the company has 2.6 million clients and 4,700 employees.