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ENERGY

Socar has opened the second filling station in Brasov and reaches a total of 39 stations

2018-01-22 14:17:34
Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

ENERGY

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

2018-01-10 09:59:02
As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

ENERGY

MET Romania to continue its development on the local market

2017-12-20 12:08:20
Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

ENERGY

Electrica Group launches its first sustainability report

2017-12-14 12:34:47
Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

ENERGY

Energy price for households to increase as of 1 January

2017-12-13 16:36:32
The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

ENERGY

Transelectrica has six investment objectives on the list of European PCIs

2017-11-29 12:33:04
Six major investment objectives of Transelectrica are on the third list of projects of common interest (PCI) on energy infrastructure adopted at the end of the year last week by the European Com...

ENERGY

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

2017-11-17 10:23:10
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

ENERGY

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

2017-11-10 12:38:03
E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

ENERGY

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

2017-11-03 11:09:36
Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

ENERGY

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

2017-11-01 12:22:59
Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

ENERGY

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

2017-10-27 14:57:17
Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

ENERGY

EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

2017-10-27 13:44:44
The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

ENERGY

Enel opened its largest shop in Iasi, in the Palas Mall

2017-10-25 15:14:06
Enel opened in the Palas Mall complex its largest store in Iasi and in the Moldova region. Thus, both the household and business customers in Iasi will have a new dedicated sales and information...

ENERGY

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

2017-10-20 10:55:49
E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

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...

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