A consortium led by Macquarie Infrastructure and Real Assets (MIRA) is buying Romanian power assets owned by ČEZ.

MIRA, via its Macquarie European Infrastructure Fund 6 (MEIF6) fund has agreed to buy the assets comprising seven companies, including electricity distribution networks, energy supply and the Fantanele Cogealac wind park, among others.

Leigh Harrison, head of MIRA EMEA, said: “Romania is one of Europe’s most dynamic economies, and its energy infrastructure is critical to supporting the country’s long-term growth and low-carbon transition.

“We are delighted to announce this investment and we look forward to supporting this critical infrastructure business as it invests to deliver more reliable, efficient, safe, and sustainable electricity to the communities it serves.”

ČEZ said the deal, which is subject to regulatory approval, is part of the firm’s new strategy to divest chosen assets in certain countries.

“By selling Romanian assets, ČEZ will increase its debt capacity and will be able to channel resources into investments in line with the current strategy, which is focused on decarbonising the production portfolio, developing renewable energy and providing modern energy services in the Czech Republic and across Europe,” the company said.

Ondrej Safar, CEO and president of the management board of ČEZ Group in România, said: “Our team of highly skilled specialists has been able to do this by endorsing digital transformation and pursuing a client-centred business strategy.

“With the acquisition by MIRA, we are looking forward to building on these results with an experienced long-term investor that will support our business going forward.”

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