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ENERGY

CE Oltenia denies media allegations, says it has no state debts

2018-12-13 15:52:06
State-owned company CE Oltenia denies the allegations in the local media, according to which it has debts to the state budget worth over 100 million Euro, a press release shows.

ENERGY

Valentin Radu receives new mandate as chair of Electrica's board of directors

2018-12-13 15:28:05
Electrica's board of directors decided to appoint Valentin Radu as chair of the board of directors for a mandate of one year, starting with 12 December 2018.

ENERGY

Tinmar Energy to reach 80 million RON profit in 2019, invest in household business

2018-12-06 15:27:53
Tinmar Energy estimates a profit of 80 million RON for 2019, after a 73 million RON result for this year, according to Augustin Oancea, CEO of the company. He claims the turnover for 2018 will b...

ENERGY

Economy-wide minimum wage must be done through a transparent, objective and predictable mechanism, says ACUE

2018-11-26 12:46:11
The members of the Federation of Associations of Energy Utility Companies (ACUE) expressed their concern over frequent changes to labor legislation, promoted by the Government over a short time ...

ENERGY

Black Sea Oil & Gas signs the gas sales agreement with Engie for natural gas supply from the MGD project

2018-11-20 10:38:49
Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced the signing of the gas sales agreement with Engie through its subsidiary...

ENERGY

Romgaz posts a net profit of 1.02 billion RON in the first nine months of 2018

2018-11-15 13:55:01
Romania's natural gas company Romgaz posted a net profit of 1.02 billion RON in the first nine months of 2018, a decrease of 14 per cent compared to the year-ago period. Total revenue stood at 3...

ENERGY

Black Sea Oil & Gas and Transgaz sign 15-year contract for the MGD Project gas production transmission into the NTS

2018-11-09 14:25:11
Transgaz and Black Sea Oil & Gas signed the gas transmission contract for the transport of the Midia Gas Development Project (MGD Project) production into the National Transmission System (NTS)....

ENERGY

MOL Group posts 835 million USD profit for the first nine months of 2018

2018-11-01 12:04:51
MOL Group announced its financial results for the third quarter of 2018. With a net profit of 323 million USD in Q3, the company reached a profit of 835 million USD for the first nine months of ...

ENERGY

Corina Popescu is the new CEO of Electrica

2018-10-16 09:52:13
The Board of Directors of Electrica, one of the most valuable companies where the state is the main stakeholder, has agreed to end the collaboration with its CEO Dan Catalin Stancu starting Nove...

ENERGY

Transelectrica accelerates investments to increase the energy system safety in Dobrogea

2018-09-21 16:03:20
The National Power Grid Company Transelectrica marked the completion of the second stage of the project of rehabilitation of the Station Transformation 400/110/20 kV Tulcea West.

ENERGY

New regulations adopted by ANRE will have a strong negative impact on consumers and endanger 4.500 jobs, says ACUE

2018-09-20 12:02:31
The electricity distributors members of the Federation of Associations of Energy Utility Companies (ACUE) are deeply concerned about the negative impact on networks and consumers of the methodol...

ENERGY

OMV optimistic on approving billion-euro investment in Romania soon

2018-09-10 11:59:44
Austria's OMV is confident Romania will establish an acceptable framework for its Black Sea exploration project in the autumn and that it will be able to give the green light for a billion-euro ...

ENERGY

Intersport brand opened a store In Iulius Mall Iasi

2018-09-04 14:47:55
International sporting goods brand Intersport recently opened a store in Iulius Mall Iasi. Located on the second floor of the mall, the store spans on approximately 860 sqm and will complete the...

ENERGY

MET Group completes RWE Energie Romania takeover

2018-09-04 14:28:50
Met Group is now the official owner of RWE Energie Romania after the successful completion of the company's share purchase transactions. This new acquisition strengthens the group's position on ...

ENERGY

E-Distributie Banat to award 23 million Euro contract for grid works

2018-09-03 10:58:48
E-Distributie Banat will award, by public tender, a multi-services contract for works on the medium voltage and low voltage lines of the electricity distribution grids, and back-office operation...

ENERGY

Transgaz to complete Vestmoldtransgaz takeover next week

2018-08-27 15:13:21
Transgaz's takeover of Vestmoldtransgaz will be completed the following week, after the suspensive clauses of the privatization contract are closed.

ENERGY

Oil Terminal cuts wages by 25 per cent for ten days

2018-08-21 11:21:25
Oil Terminal suspends full wage payment for ten days in order to reduce expenses. Almost a thousand employees will be affected by the measure decided after the company concluded the first semest...

ENERGY

Romelectro to modernize the Smardan power station following 23 million Euro project

2018-07-24 12:40:35
The association between Romelectro SA and Electromontaj SA, as a general contractor, recently won the tender organized by CNTEE Transelectrica SA for the modernization of the Smardan power stati...

ENERGY

Enel reaches one million residential customers on Romania free electricity market

2018-07-12 12:39:26
Enel Energie and Enel Energie Muntenia announced reaching the mark of one million household customers on the free electricity market in Romania.

10 Comments

ENERGY

CEZ Group in Romania ended 2017 at a net profit level

2018-07-11 14:52:40
CEZ Group in Romania ended 2017 with better results than in 2016 at a net profit level. Last year brought for CEZ Group in Romania a profit before interests, taxes, depreciation, and amortizatio...

ENERGY

Consumers will lead the energy market in the future

2018-06-18 14:14:36
Interview with Georgios Stassis, Country Manager Enel Romania

ENERGY

Romania fourth in Europe for natural gas production and reserves, report shows

2018-06-18 09:55:49
Romania is on the fourth place in Europe for last year's natural gas production and proven gas reserves, according to a report by BP.

ENERGY

Hidroelectrica to provide electricity for RATB and Metrorex

2018-06-15 13:44:12
Hidroelectrica has won two contracts for providing electricity services to RATB and Metrorex. Both contracts to be carried out for one year starting July 1 implies the delivery of a total of 297...

2 Comments

ENERGY

Energy producers sue Romania at ICSID Washington for reducing subvention scheme in renewable energy

2018-06-14 11:33:37
Energy producers from Austria, Germany, the Netherlands, Romania and Cyprus filled a request for arbitration proceedings against the Romanian government at World Bank's International Centre for ...

ENERGY

Blockchain to fundamentally change the energy market

2018-06-13 00:11:36
Blockchain will fundamentally change world markets, including the energy market, Daniel Pintilie, member of the Board of AFEER (Association of Electricity Suppliers in Romania) said at the Regio...

ENERGY

Electricity consumers to provide guarantees for paying bills, ANRE project shows

2018-06-12 23:47:42
Electricity consumers will have to provide financial guarantees for distributors to cover the risk of unpaid bills, Roxana Gheorghe, director with National Energy Regulatory Authority (ANRE), sa...

2 Comments

ENERGY

Hidroelectrica received two offers for Vidraru plant retechnologization

2018-06-11 11:44:25
Hidroelectrica received two offers for retechnologization of Vidraru plant, according to sources from the Ministry of Energy.

ENERGY

Transgaz starts working on BRUA pipeline Phase 1

2018-06-04 11:30:05
Transgaz started today the construction works for BRUA (Bulgaria - Romania - Hungary - Austria) pipeline Phase 1.

2 Comments

ENERGY

Romania's households pay the lowest gas prices and the 5th lowest electricity prices in EU

2018-05-31 10:51:43
The households in Romania paid in 2017 the lowest prices for gas and the fifth lowest prices for electricity among the 28 European Union member states, according to Eurostat.

3 Comments

ENERGY

Gas prices in Romania to reach new peak next winter due to soaring oil price, says E.ON

2018-05-25 11:45:37
The prices for natural gas will reach new high during the next winter, due to the surge in oil prices, E.ON Romania's CEO Frank Hajdinjak said. cited by Agerpres.

ENERGY

E-Distributie Muntenia to modernise several electricity networks in Bucharest

2018-05-23 14:28:09
E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucharest, with the purp...

3 Comments

ENERGY

Transelectrica opens 400 kV cross-border electricity interconnection between Romania and Serbia

2018-05-16 12:37:06
Transelectrica, Romania's state-owned monopoly of electricity transmission, announced that it opened a double-circuit 400 kV electricity transmission line between Resita in Romania and Pancevo i...

4 Comments

ENERGY

Electricity consumption of Romania's households down 9.2 per cent in Q1 2018, statistics show

2018-05-11 13:47:06
Romania'a household consumers used 9.2 per cent less electricity in the first quarter of this year, compared to the same period of 2017, for a total of 2.9 billion kWh, according to the National...

ENERGY

Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

2018-05-11 13:40:37
Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same perio...

2 Comments

ENERGY

The electricity and gas distribution networks need over 10 billion Euro investments in the long term, says ACUE

2018-05-11 12:14:24
The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace the old infrastructure, according to the members of the Federation of Asso...

ENERGY

OMV Petrom Group's profit in Q1 up by 38 per cent to 854 million RON

2018-05-03 11:15:25
OMV Petrom Group recorded in the first quarter of 2018 a profit of 854 million RON, up by 38 per cent year-on-year, when it stood at 618 million RON, the company announced on Thursday.

ENERGY

Nuclearelectrica to close for maintenance one nuclear reactor at Cernavoda plant for one month

2018-04-27 14:02:13
Nuclearelectrica, the state-owned company that runs Romania's only nuclear power plant at Cernavoda, said on Friday that it will shut down for 30 days one out of the two nuclear reactors in use ...

3 Comments

ENERGY

Fondul Proprietatea exits Conpet

2018-04-23 11:48:49
Fondul Proprietatea, the fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania.

ENERGY

E-Distributie Muntenia invested 6 million RON for the modernisation of the electricity networks in Cotroceni area

2018-04-17 13:53:02
E-Distributie Muntenia invested approx. 6 million RON for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity d...

ENERGY

Rompetrol Rafinare plans investments worth around 56 million USD in 2018

2018-04-16 11:13:41
Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth 56.9 million USD for 2018.

2 Comments

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Romania struggles to save face ahead of Euro 2020

With less than two years until the start of the 2020 UEFA European Football Championship, Romania struggles to finish its stadiums by kick-off time. And with roughly 200,000 fans flooding the capital city to ch...

New real estate bubble? It depends on who you ask

Romania's GDP has been outperforming those of neighbouring CEE countries as of last year, but its Central Bank warns that the mortgage bonanza might lead to a second real estate bubble. With market analysts poi...