Romania is a promising market for the energy sector, and Enel, which already holds an important position in the country's electricity sector, and Enel Romania's country manager Luca d'Agnese outlined its growth strategies and investment in modernising the country's network. D'Agnese was speaking at the ZF Power Summit 2014, a meeting which was organised by Romania's biggest financial newspaper Ziarul Financiar and which centred on the energy market.
'We will invest €500 million over five years, around €100 million per year. We intend to continue along this road,' said D'Agnese during the panel discussion Energy and Gas supplier Forecasts on the Romanian Economy.
Enel is maintaining its role as an important figure within the county's debate on the future of the energy sector, which is based on solid numbers: the Group, which has been present in Romania for almost ten years, has some six companies, serves 2.7 million customers and has a market share of about 30percent. Thanks to a network that is 90,000 kilometres long, in 2012 it distributed 14.6 billion kilowatt-hours.
Enel's interests match the needs of Romania, which is looking for investors to increase its energy production and modernise the network. In particular, Enel has imported the experience it has gathered in the other countries, such as theinstallation of the electronic meters, a process that has already been completed in Italy and is about to finish in Spain. By 2018 half of Enel's Romanian customers will have a new meter.