This strategy is required by Order of the Ministry of Economy, Energy and Business Environment and targets the balancing of the economy after the crisis through investments carried out by energy companies.
“Approval of the Investment Strategy of Societatea Nationala Nuclearelectrica S.A for the period 1 July 2020 – 1 July 2025”, as per the company’s summoning. Also, the company wants shareholders, among which the Romanian State, with a 82.5% holding, to also vote on the appointment of Mazars Romania as financial auditor for a three-year period.
Mid-April 2020, Ziarul Financiar wrote that each energy company subordinated to the Ministry of Economy, Energy and Business Environment will be obliged to draft an investment plan for the next five years in order to balance the economy after the crisis caused by the coronavirus pandemic.
Energy companies having the Romanian State as sole or majority shareholder will have to summon shareholders to discuss and subsequently approve an investment plan from their own funds, non-refundable investments or bank loans for the modernization of Romania’s national energy system.