CEZ Romania took over TMK Hydroenergy Power for almost 20 million euro 

Marţi, 14 iunie 2011, 16:20 English | Business

CEZ Romania took over TMK Hydroenergy Power that owns the hydroenergy system at Resita, Caras Severin County, a press release of the company reads. According to it, in December 2010 CEZ Romania took over 100% shares of TMK and it currently finished all legal takeover procedures. The value of the transaction was 19.8 million euro.  

The total installed capacity of TMK’s hydroenergy system owned is 18 mw. CEZ has been present on the Romanian market ever since 2005 once it took over a distribution company, Electrica Oltenia SA that ensured electric energy for seven counties in Romania.  

Moreover, CEZ invested 1.1 billion euro in what will become the biggest aeolian park in Europe with a total installed power of 600 mw. CEZ will supply 10% of the total renewable energy produced in Romania when the project will be finished.