ZF English

AES bid up to GDP value

08.12.2005, 19:46 7

US-based energy group AES Corporation, which has global operations, has long-term interests in Romania, which it sees as a key market in the region, with one of the fastest growth rates, Paul Hanrahan, the company''s chairman said in Bucharest on Tuesday. "The investors will consider the cost of regional capital, the GDP trend and Romania''s latest performance, rating upgrades and other indicators, when they submit their bids for Electrica Muntenia Sud," AES Corporation chairman told ZIARUL FINANCIAR. AES is on the list of the ten contenders for the privatisation of the electricity distributor Electrica Muntenia Sud. AES'' strategy concerns entry onto the Romanian energy market in terms of electricity distributors and generation facilities, as the company is interested in creating an integrated structure on the market. ZF

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