Following the change of the legislative framework, the contract modified from RON150/MWh to RON120/MWh, a 20% decline. Therefore, the value of the transaction went down from RON289.4 million to RON233 million, according to the report.
Romgaz shares have gained 17.6% in 2024 and 43.1% in the past 12 months, at a market value of RON22.4 billion. The company is 70% owned by the Romanian government via the Energy Ministry.
(English version by Loredana Fratila-Cristescu)