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ENERGY

AFEER: Energy price will be higher next year, but not because of the liberalization of the market

2017-09-06 11:32:40
The energy price will be higher next year, but not because of the total liberalization of the market as of 1 January 2018, but because of market conditions, said Ion Lungu, president of the Asso...

ENERGY

Head of RWEA at the end of his mandate

2017-09-04 15:44:36
The head of the Romanian Wind Energy Association (RWEA) Ionel David stepped down after his term at the helm of the association expired.

ENERGY

Hunedoara Energy Complex to reduce its losses by 80 per cent this year

2017-09-01 15:27:17
The Romanian Government adopted the 2017 budget for the Hunedoara Energy Complex (CEH), estimating that the losses of the state-owned company will be reduced by 80 per cent.

ENERGY

GE inaugurates its new Bucharest software center to support local growth

2017-08-30 14:26:01
GE speeds up growth for its software and digital resources in Romania and kicks off the recruitment campaign for GE Power's Grid Software Solutions (SWS) center in Bucharest. The company intends...

ENERGY

Nuclearelectrica to restart negotiations for nuclear reactors 3 and 4 from Cernavoda in September

2017-08-28 12:46:08
Negotiations for the construction of nuclear reactors 3 and 4 from Cernavoda will be restarted in September, according to Nuclearelectrica's Extraordinary General Meeting of Shareholders from Au...

ENERGY

Fondul Proprietatea accuses corporate governance weakening in Nuclearelectrica

2017-08-23 13:44:35
Fondul Proprietatea warns of weakening of corporate governance in Nuclearelectrica, regarding the two new points proposed by the Ministry of Energy in the convening notice of Nuclearelectrica's ...

ENERGY

CET Govora reached 30 million RON profit in H1 2017

2017-07-25 12:30:43
Heat and electricity producer CET Govora registered a net profit of 30.6 million RON in the first six months of 2017, compared to a net loss of five million RON in the same period of last year....

ENERGY

Transgaz signs Memorandum of Understanding for the Vertical Corridor

2017-07-20 15:02:08
Transgaz hosted the meeting between the representatives of the gas transmission system operators in Greece - DESFA, Bulgaria - BULGARTRANSGAZ, Romania - Transgaz, Hungary - FGSZ and ICGB - compa...

ENERGY

MOL Group partners with Evonik and thyssenkrupp for the Polyol Project

2017-07-20 13:36:19
MOL Group has signed license agreements with Evonik and thyssenkrupp, to produce propylene oxide, a key component for the production of polyether polyols. MOL intends to become a significant pro...

ENERGY

OMV Petrom starts work on new polyfuel unit at Petrobrazi

2017-07-20 10:55:49
OMV Petrom says has started construction of a new Polyfuel unit at its Petrobrazi Refinery. The company says the new unit will allow conversion of LPG components into gasoline and middle distill...

ENERGY

E-Distributie Dobrogea invested 11 million RON to modernize Mircea Voda station

2017-07-11 14:36:01
E-Distribution Dobrogea has invested about 11 million RON (2.4 million Euro) for the modernization of the Mircea Voda transformation station from Calarasi County, which supplies electricity thro...

ENERGY

Hidroelectrica appointed new Management Board

2017-07-06 10:13:35
The Supervisory Board of Hidroelectrica has appointed three new members in the Management Board, President Bogdan Nicolae Badea and members: Marian Bratu and Mihai-Val Zdru.

ENERGY

CEZ Group reports EBITDA of 466 million RON in 2016

2017-07-04 15:29:17
CEZ Group in Romania reported in 2016 a profit before interests, taxes, depreciation, and amortization (EBITDA) of 466 million RON, eight per cent more than in 2015, the company representatives ...

ENERGY

General Electric to provide turbine technology for the new combined-cycle power plant in Iernut

2017-06-27 10:31:25
General Electric (GE) has been awarded an order from the consortium Duro Felguera (DF Energy) - Romelectro for core technology in a new combined-cycle power plant from Romgaz in Iernut, Romania....

ENERGY

Hidroelectrica posts 165 million Euro profit in five months

2017-06-23 14:42:07
Hidroelectrica registered a gross profit of 743.7 million RON (around 165 million Euro) in the first five months of 2017, representing an increase of 26 per cent compared to the same period in 2...

ENERGY

Enel's CEO Francesco Starace is the new president of EURELECTRIC

2017-06-20 09:59:26
Francesco Starace, CEO of the Enel Group, was appointed as new president of EURELECTRIC, the association representing the electricity industry at the pan-European level.

ENERGY

Mol Group net profit up by 24 per cent to 323 million Euro in Q1

2017-05-05 13:10:00
Mol Group announced its financial results for Q1 2017, with net profit up by 24 per cent year-on-year to 323 million Euro. In the first quarter, all business segments (upstream, downstream, cons...

ENERGY

Damages to electricity networks caused by severe weather conditions do not increase the distribution tariffs, says ACUE

2017-04-27 16:40:08
Lately, Romania confronted with extreme, unpredictable meteorological phenomena that have caused major damages, in large areas, to electricity distribution networks.

ENERGY

Electrica to repair its damaged power grid in the next 48 hours, 25,000 consumers still affected by power outage

2017-04-24 15:10:08
Due to severe weather conditions (rain, snow and strong wind) in the south-eastern counties of Romania on April 20, 2017, Electrica had several power grid failures within its group. The most aff...

ENERGY

Mol Romania appoints new CFO

2017-04-24 10:03:25
Zoltan Magyar has taken over as CFO of Mol Romania since beginning of March this year. Since 2014 Zoltan has held several positions (CFO, managing director) within Mol Kalegran Ltd., an upstream...

ENERGY

Enel enters the Romanian gas supply market for residential customers

2017-04-24 09:42:30
Enel announces the entrance on the Romanian gas supply market, with offers designed to offer ease of use and predictability for residential customers, who can now benefit from having a single su...

ENERGY

Enel acquires 13.6 per cent of the Romanian subsidiaries E-Distributie Muntenia and Enel Energie Muntenia

2017-04-10 15:11:58
Enel S.p.A. (Enel) announces that its wholly-owned subsidiary Enel Investment Holding B.V. (EIH) has today finalised the acquisition from SAPE S.A. (SAPE, the Romanian state-owned holding compan...

ENERGY

Romelectro to double its profit and revenues this year

2017-04-07 15:36:09
Romelectro, one of the most important EPC contractors in Romania for complex projects in the energy field, wants to double its profit and revenues for 2017, based on current portfolio, said Cris...

ENERGY

Gas prices liberalization in Romania to start in April

2017-03-30 15:11:07
The Minister of Energy announced that the prices for domestic gas will go through a liberalization process starting April 1, with no technical reasons to postpone it, as Minister Toma Petcu said...

ENERGY

Enel to invest 329 million Euro in Romania in 2017-2018

2017-03-24 09:40:05
Enel has planned investments for a total of 329 million Euro for the current regulatory cycle ending in 2018, of which of over 151 million Euro are due for 2017 and 178 million Euro for 2018.

ENERGY

ACUE pleads for gradual deregulation of natural gas purchase prices for population and CETs

2017-03-10 10:17:17
The Federation of Associations of Energy Utility Companies (ACUE) fully supports the liberalization of the gas market in Romania only with the necessary elements to ensure its functioning transp...

ENERGY

Mol Group reached almost one billion dollars profit in 2016

2017-02-28 14:07:04
Mol Group announced its financial results for 2016 and the company delivered a clean CCS EBITDA of 2.15 billion dollars, which is only moderately down compared with the previous year, a press re...

ENERGY

Ninety-seven percent of household waste ends up in landfills, says ARBIO

2017-02-21 14:48:48
As many as 97 percentage of Romania's household waste ends up in landfills, and Romania could be fined starting in 2020 about 500,000 Euro per day if it fails to bring the numbers to below 50 pe...

ENERGY

Energy regulator: Gas prices might grow up by ten per cent on 1 April

2017-02-15 16:05:30
Natural gas prices might increase by up to 10 per cent starting with 1 April, after liberalising the domestic market's gas prices, Chairman of the National Energy Regulation Authority (ANRE) Nic...

ENERGY

Net profit of Nuclearelectrica decreased by 27 per cent last year, to 108 million RON

2017-02-15 13:14:14
The net profit registered in 2016 by Societatea Nationala Nuclearelectrica (SNN) is of 108 million RON (24 million Euro) decreasing with 27 per cent compared to 2015, mainly due to the impact of...

ENERGY

Romania cannot ensure energy consumption from internal production on Monday morning

2017-02-13 13:02:42
National production of energy cannot cover anymore the country's consumption on Monday morning, so that Romania must import more energy, according to the data posted in real time on the website ...

ENERGY

Mol Group expands its exploration portfolio with new licenses in Hungary and Norway

2017-02-07 16:54:22
Mol Group expanded its exploration portfolio by acquiring new licenses in Hungary and Norway, the company announced on the Budapest Stock Exchange.

ENERGY

Repeated increases of the electricity prices affect distribution operators and last resort suppliers, says ACUE

2017-02-02 14:48:54
The Federation of Associations of Energy Utility Companies (ACUE) appreciates and supports the initiative of the competent authorities to analyse the current situation of the centralized energy ...

ENERGY

Mol Romania opens a new gas station in Craiova

2017-01-30 14:11:52
Mol Romania inaugurated the seventh gas station in Dolj County, following a one million Euro investment, a press release shows. The new station is located in Carcea commune, on the road that con...

ENERGY

Enel begins operations at geothermal-hydro power plant in US

2016-12-09 09:43:48
Enel S.p.A. ("Enel"), through its subsidiary Enel Green Power North America, Inc. ("EGPNA"), has started operations at an integrated, commercial-scale geothermal-hydro power plant at its Cove Fo...

ENERGY

Electrica registered a net profit of 466 million RON in the first nine months

2016-11-16 13:35:46
Electrica Group, leader in the distribution and supply of electricity in Romania, reached a consolidated net profit of 466 million RON in Q3 2016 (103 million Euro), up by 9 per cent compared to...

ENERGY

Hidroelectrica remains the most profitable company in Romania

2016-11-10 12:12:27
State-owned energy producer Hidroelectrica remains the most profitable company in Romania, after announcing a gross profit of 1.1 billion RON (244 million Euro) in the first nine months of 2016,...

ENERGY

Romania-Bulgaria gas pipeline will become operational this November

2016-11-08 11:11:33
The Romania-Bulgaria gas pipeline will become operational this November, said the Bulgarian Prime Minister Boyko Borisov, during a meeting with his Serbian counterpart Aleksandar Vucic, Bulgaria...

ENERGY

MOL Group announces Q3 results, increasing oil and gas production

2016-11-04 13:46:02
MOL Group announced its financial results for Q3 2016. Clean CCS (current cost of supplies) EBITDA reached 590 million USD in Q3, according to a press release.

ENERGY

Nearly 900 million Euro loss for the Romanian wind energy industry, in 2014 and 2015

2016-10-11 14:57:12
Romanian wind energy industry had a loss of four billion RON (nearly 900 million Euro) in 2014 and 2015, according to an EY study, demanded by the Romanian Wind Energy Association.

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Oil & Gas Industry: Challenges and opportunities for Romania

As it appears from the four scenarios of the Romanian Energy Strategy, natural gas will play an important role with expected significant increases in the energy mix starting in 2020. Even though currently about...