PC Leader Wins A Fortune From Dealings With The State

PC Leader Wins A Fortune From Dealings With The State

Grivco, a company belonging to  "Felix" or Dan Voiculescu earns millions of euro from the energy taken from the energy plant at Rovinari, as a broker between the state and….the state! 

Dan Voiculescu made energy dealings on the market during the ruling of PSD and the first years of the current ruling .

Grivco company(owned by Voiculescu) signed some of the more advantageous contracts for taking over energy from the  Rovinari state-owned energy complex, for prices well below the free market.

The cheap electricity bought by  Voiculescu from the state  was sold to the state but at a much higher price , according to documents revealed by EVZ.

Through the signed  contracts Dan Voiculescu’s company purchased energy worth $10 million  and sold it with huge profits. Voiculescu’s company received the contract from direct negotiation and not through public bid, as the state laws require it .

The first public contract  between  Grivco and  Rovinari was signed in December  2004 and was valid for one year.

Thus , Grivco purchased  262,800 de megawatts hour  (MWh)between 2004-2005  for a price  of  42.6 $. The price negotiated by Grivco through the contract with  Rovinari was lower than the average market price in 2004.

The contract’s total value was $11.2 million. 

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