Romanian energy holding co Oltenia buys CO2 certificates worth 12.5 mln euro in Dec

CO2 emissions Author ( License: All rights reserved.

BUCHAREST (Romania), Jan 5 (SeeNews) - Romanian state-controlled energy holding company Complexul Energetic Oltenia said on Tuesday it acquired an estimated 1.6 million CO2 certificates worth 12.5 million euro ($13.4 million) in December.

The purchase was made at a price of 7.94 euro per certificate, the company said in a press release.

"In 2015 we purchased 6 million CO2 certificates in total," the company said. "The remaining 7.85 million CO2 certificates related to energy production in the previous year (14.95 TWh) will be purchased on the market at the beginning of 2016."

Oltenia, set up in 2012, includes state-run mining company SNLO and the Craiova, Turceni and Rovinari thermal power generation complexes.

Romania's economy ministry holds a 77.17% stake in Oltenia and blue-chip investment fund Fondul Proprietatea [BSE:FP] owns 21.54%.

($= 0.928 euro)

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