The cityhall will also take over a land, representing the entire area of Lia Manoliu park, for the construction of the new hall in Bucharest.
ELCEN is selling thermal power to RADET at a price set by the country’s National Regulatory Authority for Energy, or ANRE. RADET current debts to ELCEN total around RON1 billion, which are added penalties of RON1.1 billion accumulated during the past 15 years.
ELCEN is controlled by the state through Termoelectrica, while RADET operates under the authority of City Hall, while RADET is under the subordination of Bucharest Cityhall.