Friday, November 5, 2010

Romania power output falls 0.5 pct y/y in Jan-Sept

BUCHAREST Nov 5 (Reuters) - Romania's energy production fell 0.5 percent in the first nine months of 2010 versus the same period last year and imports dropped 0.2 percent, data from the statistics board showed on Friday.

A deep recession hit energy demand last year and the economy was seen contracting this year as well due to austerity measures agreed under a 20 billion euro ($28.3 billion) IMF-led aid package.

The data showed energy output in January-September fell to 17.1 million tonnes of oil equivalent. Power consumption was up 4.2 percent on the year, after falling 8.2 percent in the whole of 2009.

Coal and nuclear-powered electricity production fell 7.9 percent and 2.3 percent respectively in January-September, while power produced in hydro plants rose 22.7 percent on the year.

Romania's predominantly state-controlled energy producers are separated into coal, hydro and nuclear power. None are listed on the bourse, except for power grid and gas pipeline operators Transelectrica (TSEL.BX: Quote) and Transgaz (TGNM.BX: Quote). (Reporting by Ioana Patran, Editing by Anthony Barker)

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