Ovidiu Balacescu

Complexul Energetic Oltenia

CE Oltenia is the sole lignite producer in Romania and one of the major players in the energy services sector in Romania, set-up on 31 May 2012 following a decision of the Romanian Government for the reorganization of the energy sector through a merger between a national lignite company (Societatea Nationala a Lignitului Oltenia) and three energy producing companies (Complexul Energetic Rovinari, Complexul Energetic Turceni and Complexul Energetic Craiova). CE Oltenia has an installed production capacity of 3900 MWh and the sales of electricity are made on the wholesale energy market – bilateral agreements market, next day market, balance market, technological system services market, en detail market and green certificates market. The Company also produces thermal energy – mainly for the city of Craiova and sales coal to third parties, mainly electricity producers. The main raw material used for the production of electricity is lignite extracted from Oltenia basin.