|  05.08.2016

Power, Performance, Innovation - The Pillars Which Support Our Activity

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Q: We also talk about competitiveness in your sector and we know EnergoBit has projects not just in Romania. What helps the competitiveness in your sector? What does inhibit it?


Carmen Neagu: No matter the sector, or the country in which we operate, when we speak about competitiveness we refer to quality, trust, honesty, efficiency, customer orientation, experience, passion. Within EnergoBit, we’ve tried to sum this up into: power, performance, innovation, the pillars which support our activity.

In order to have results on any market, a company needs to gain experience in dealing with complex projects, needs to be trustworthy and have financial power in order to support the involvement in works for which the financing could be delayed. In short, if a company is trustworthy and is determined to be competitive, it will find the way to succeed.

If the companies operate in a well-balanced legal framework which pays attention to all the aspects of an industry and has in mind the best interest of the consumers, there will be nothing to inhibit the competitiveness.

Q: We want to ask you know about the energy efficiency knowing that at the world level, the market for achieving greater energy efficiency is large and growing. How is this market in Romania?


Carmen Neagu: Everybody wants to be energy efficient, as this translates into smaller production costs. The problems that we are facing are related to the costs needed to achieve this energy efficiency, the funding for such investments and the legislation which should encourage such projects.

A more reliable and transparent support for energy efficiency projects, especially for a consistent mechanism for finding investment resources to achieve them, is required. At European level there are numerous regulations regarding this aspect, but, in Romania, the implementation of the Energy Efficiency Directive stopped at the level of solutions to provide the necessary funds and, without such solutions, it is hard to find financing for such projects and have ESCO companies developed.

Q: How do you see the prospects for financing and investments in building, industrial and supply side energy efficiency in Romania?


Carmen Neagu: As long as the legislation does not offer solutions for financing, it is hard to relay investments just on penalties worth being considered in case certain levels of energy efficiency are not attained. So, from the local companies’ point of view, the energy efficiency questions are: do the savings generated by the energy efficiency projects cover or at least equal the needed investment on the short/ medium term, or, are investments not worth the savings, and the fines for not complying with the regulations are acceptable?

Thus, the investments in energy efficiency projects are made mainly by the subsidiaries of international companies which have a group strategy in this respect. However, there are also exceptions, like the one we had in Tulcea, where we built a biogas cogeneration plant.


Q: How much have the investments in the modernization of Romania’s electricity infrastructure increased since the crisis? How does EnergoBit see this dynamics?


Carmen Neagu: During the peak of the economic crisis, the energy sector attracted impressive investments, but these were generated by the legislation encouraging the renewable segment. Moreover, during those years, the national energy consumption level decreased, as many industrial consumers decreased production or closed their doors. So, the investments in the modernization of the power infrastructure were also at a relatively low level. With the renewable investments development, the network stared to be reinforced.

The consumption level increases, but we are talking about small figures, of just a few percentages, so the investments in the modernization of the infrastructure are moderated.

Besides the low demand, the investments were also affected by the political changes that took place in the last years, with the energy segment playing a major part in many sensitive situations. A more stable political system, with a predictable legal framework will definitely support the modernization of the infrastructure and the investments in this direction.


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