Tuesday, February 8, 2011

Romania power output flat y/y in 2010

BUCHAREST Feb 8 (Reuters) - Romania's power production was flat last year from 2009, while imports fell 1.0 percent, data from the National Statistics Board showed on Tuesday.

A deep recession depressed demand from households and companies in the last two years, and the economy was expected to contract in 2010 as well due to austerity measures under Romania's IMF-led aid package.

The data showed power output for 2010 stood at 23.2 million tonnes of oil equivalent. Consumption rose 3.8 percent on the year, after falling 8.2 percent in the whole of 2009.

Coal and nuclear-powered electricity production fell 6.6 percent and 1.1 percent, respectively, in 2010, while power produced in hydro plants rose 28.1 percent on the year.

Romania's predominantly state-controlled energy producers are separated into coal, hydro and nuclear power.

The only related firms listed on the local bourse are power grid and gas pipeline operators Transelectrica and Transgaz .

(Reporting by Ioana Patran, Editing by Ed Lane)

No comments: