International investor Hagag Development Europe strengthens its energy operations and local management structure and announces the formal appointment of Răzvan Pârvulescu as Development Director of the Natural Gas Division of Hagag Energy.
Involved with the Hagag Energy team since the formation of the division, Răzvan Pârvulescu officially takes over the management of the Development and Expansion department at a time when the company is rapidly expanding its footprint in the natural gas distribution segment.
In this role, Răzvan will continue to coordinate the activities of the Development and Expansion department, focusing on the expansion of the concessions portfolio, the definition and implementation of the medium and long term development strategy of the Natural Gas Division, as well as the development of new business lines relevant for this market segment.
„We are delighted to welcome Răzvan to the Hagag Energy team. His solid experience in the development and implementation of natural gas projects is an important asset for the consolidation and expansion of our energy division. We are confident that, together with the entire team, Răzvan will contribute to accelerate our development plans and strengthen Hagag Energy's position on the Romanian market”says Yitzhak Hagag, Co-Founder and Chairman of the Board of Hagag Development Europe.
With more than 17 years of experience in management and business development, Răzvan Pârvulescu has held, during his professional career, both management positions in private companies with activities in the fields of telecommunications, civil construction and energy, as well as diplomatic positions.
In the first three months since the launch of Hagag Energy, its efforts have been focused on expanding its portfolio of concessions and accelerating ongoing projects, during which time Hagag Energy has added five contracts to its portfolio for the concession of the public service of natural gas distribution, namely design, execution and operation of natural gas distribution networks, bringing the total number of contracts to 72 and a national presence covering 95 towns and two cities in 18 counties in the country.
„I am honored to join the Hagag Energy team and to contribute, from this position, to the development of the energy infrastructure in Romania, especially at this time when the market is in a phase of accelerated evolution, supported by investments in infrastructure and the increased interest of central and local authorities for the development of this essential segment. I also believe in the company's potential to support the sustainable growth of the communities we serve and I will capitalize on all the experience gained over the years to build a solid operating base and maintain a sustained pace of development, positioning Hagag Energy as a reference player in the local energy market”, said Razvan Pârvulescu, Development Director of the Natural Gas Division of Hagag Energy.
In the medium and long term, exclusively within the Natural Gas Division, Hagag Energy's development directions remain correlated with the dynamics of the National Investment Program „Anghel Saligny” - which supports the expansion of the gas infrastructure at local level, one of the main objectives of the company being to successfully complete, by the end of 2027, all 69 networks related to the concessions it owns.
Hagag Energy is in the top 20 of the 27 licensed operators nationwide, with a total volume of 72 active contracts, positioning itself as one of the relevant players in Romania in this market segment. Currently, the company already has 3 networks completed and in operation, 21 projects in the design phase, 23 in execution, and another 25 in various stages of approval.