The prospectus will be published on June 15 and the IPO will be launched two weeks later, Gabriel Dumitrascu told an energy seminar in Bucharest.

Energy Minister Constantin Nita said previously that Nuclearelectrica’s IPO would take place in the second half of May.

Dumitrascu said state-owned electricity supplier SC Electrica SA is next on the government’s privatization list this year, followed by natural gas producer Romgaz Medias.

The authorities plan to sell 51% in Electrica in July, a shift from the initial strategy which envisaged selling Electrica’s main divisions separately.

“The initial plan was likely to fail or it would have yielded low prices, so we needed to reshape it. It was agreed that selling a 51% stake would work better in our favor,” Dumitrascu told reporters.

He said the listing of a 15% stake in Romgaz Medias was scheduled for October, while the listing of CE Oltenia, another key state-run energy company, requires additional planning.