EU probes Romania's revised CE Oltenia restructuring

The European Commission has launched an in-depth investigation into the amended restructuring plan for the state-owned lignite power producer CE Oltenia. This move follows a revised proposal submitted by Romania to address the long-term sustainability of the energy holding company.

The primary objective of the probe is to determine if the modified strategy adheres to European Union state aid regulations. The Commission intends to scrutinize the financial commitments and operational changes outlined in the updated document to ensure they do not provide an unfair competitive advantage.

The Commission will assess whether the revised restructuring plan complies with EU State aid rules.

The investigation marks a critical step for the energy sector as it seeks to modernize its coal-based power generation infrastructure while meeting environmental and economic standards set by the bloc.