Oil and gas? Renewables? Nuclear? Whichever energy source you’re selling, there’s no doubt that the appetite for power in Central and Eastern Europe (CEE) seems almost insatiable. That demand, coupled with the urgent need for infrastructure, is ensuring that even those CEE economies facing the imminent threat of recession are viewing the fulfilment of their relevant construction programmes as a number one priority.
‘National authorities are seeking to improve capacities in conventional energy sources, increasing energy independence and phasing out or upgrading older polluting generation capacities,’ says Bryan Jardine, partner in the Bucharest office of Austrian-headquartered Wolf Theiss. ‘The CEE is a region that has tremendous need. Growing energy demands, coupled with ageing, inadequate and inefficient energy supply infrastructure (a legacy inherited from 45 years of Soviet-era planning and investment) is driving the need for this increased sector work and investment in the CEE.’