“We currently don’t want to make other acquisitions, we want a healthy growth,“ according to Dan Dragos Dragan, CEO with RePower Furnizare Romania.
Repower entered the local market in 2007. In 2010, it bought electricity producer Elcomex EN, part of the group of companies owned by businessman Ion Grecu, in a EUR17 million deal.
In 2014, the company reported EUR103 million revenue in Romania and sold 1.4 TWh of energy on the local market, accounting for 5% of the power market. The local power market is evaluated at RON5.3 billion (nearly EUR1.2 billion) and has almost 200 suppliers.
By volume, Repower’s electricity sales on the local market are similar to those in Switzerland, which registered 1.7 TWh in 2014. In Italy, the company’s largest market, sales amounted to EUR832 million, namely 3.4 TWh of energy.
Repower recently gave up investment exceeding 200 million Swiss francs in Romania, in renewable energy production units, due to the amendments to the renewable energy legislation.
On the local market, Repower’s clients are Mega Image, Nestle, British American Tobacco, Athénée Palace Hilton.