Termoelectrica, Transelectrica Hidroelectrica and Electrica, the four companies created following Conel's split, have not yet reached an agreement as to the way they should divide the patrimony of the national company, though Trade and Industry minister Radu Berceanu had designated the date of August 14 as the starting moment of the division.
"The term for splitting Conel's patrimony was postponed by two weeks, until August 30, as the balance sheet for the first semester has not been drawn up yet," Conel's chairman Tudor aerban said.
However, sources close to the company say that the real reasons behind postponing the patrimony division are of a different nature, being in fact related to legislative matters.
Thus, the representatives of the four companies are discussing the ownership right over certain Conel buildings.
"Moreover, there are many cases in which we do not know the legal status of the lands the respective buildings are constructed on," the quoted sources say.
The liberalisation of the power supply market is another reason of dissatisfaction for Termoelectrica representatives. They fear that, by losing the monopoly on the power supply market, they might go bankrupt, since, unlike other suppliers, they will have to deal with the debts taken over from Conel.
They are especially referring to the 2,000 billion lei representing the bond issue taken over by the Ministry of Finances Conel has to redeem by means of installments.
Termoelectrica will both produce and supply electric power. The company has a share capital standing at 24,612 billion lei and twenty subsidiaries lacking juridical status.
Transelectrica SA, having a share capital of 4,959 billion lei, will deal with power transportation, with dispatching activities, with organising and coordinating the electric power market and will secure the exploitation and the development of the transport system.
Transelectrica is made up of a branch having juridical status, the Electric Power Market Operator, of eight transport subsidiaries without juridical status and of another subsidiary that deals with personnel training.
Hidroelectrica has a share capital amounting to 34,855 billion lei and it both produces and supplies electric power.
Electrica has a share capital worth 27,760 billion lei. In its turn, it produces and supplies electric power.
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