Romania Power Q4 2018
This quarter our core assumption for the country's power sector remains virtually unchanged. We maintain our view thatelectricity generation in Romania will remain relatively flat - registering annual average growth of 0.6% between 2018 and 2027.While gas will gain share as Romania boosts domestic gas production from the Black Sea and coal capacity is taken offline tocomply with European Union (EU) regulations, coal will remain the predominant component of the power mix during our forecastperiod. We continue to refrain from including the planned new reactors at Cernavoda in our forecasts for the Romanian powersector as uncertainties over the time frame remain.
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