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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.

ENERGY

E.ON Energy Globe Award Romania - Grand prize goes to Ecostuff Association

2016-10-10 14:58:09
E.ON Energy Globe Award Romania announced the winners for the 2016 competition during a gala held on October 6, at the Royal Palace in Bucharest.

ENERGY

ARPEE organized the national conference on district centralized heating systems

2016-09-26 15:10:22
The centralized district heating system is presented to be the best solution for heated water and house heating supply in the cities, as a conclusion of the recently ended national conference or...

ENERGY

ABB to divest cable business to NKT Cables

2016-09-21 17:52:35
NKT Cables is acquiring ABB global high-voltage cable system business with a total enterprise value of 836 million Euro, according to a release.

ENERGY

Mol Group awarded at Petroleum Economist Award 2016 for Best Downstream Company of the Year

2016-09-19 14:46:27
On 15 September 2016, the winners of this year edition of Petroleum Economist Awards were presented with their trophies at a ceremony held at the Banking Hall in the City of London, attended by...

ENERGY

Transgaz signs to access 179 million Euro for BRUA works

2016-09-19 14:44:53
Romanian natural gas transmission operator SNTGN Transgaz SA initialed the agreement on accessing the grant worth 179 million Euro, part of the Connecting Europe Facility, funding the works Roma...

ENERGY

Hidroelectrica expected to exceed 1 billion lei gross profit in the first eight months this year

2016-09-05 14:16:09
The Romanian state power producer Hidroelectrica will outdo the 1 billion lei milestone gross profit in the first eight months this year, the company announced

ENERGY

Tradeville report: Local energy producers suffered new declines in revenues and profits in Q2 of 2016

2016-09-01 15:13:11
According to the latest Tradeville report, local energy producers suffered new declines in revenues and profits, unable to capitalize on opportunities offered by the international market, where...

ENERGY

Transelectrica: Renewable energy capacity stood totaled 4,690 MW at the end of June

2016-08-29 13:08:10
The renewable energy capacity in Romania stood totaled 4,690 MW at the end of this June, shows data centralized by power grid operator Transelectrica.

ENERGY

Transelectrica: Renewable energy capacity stood totaled 4,690 MW at the end of this June

2016-08-26 11:51:43
The renewable energy capacity in Romania stood totaled 4,690 MW at the end of this June, shows data centralized by power grid operator Transelectrica.

ENERGY

Transgaz and Moldovan oil company sign natural gas interconnection agreement

2016-08-25 17:57:12
Romanian gas company Transgaz and the national oil company of Moldova announced they had signed a natural gas interconnection agreement.

ENERGY

Elcen signs maintenance contract of 5.6 million Euro with General Electric Global Services

2016-08-22 16:05:05
Electrocentrale Bucharest (Elcen) signed maintenance contract of 5.6 million Euro for the gas turbine operated by CTE Bucharest Vest with General Electric Global Services GmbH, the company annou...

ENERGY

Electrica posts over 335 million lei in H1 2016 net profit

2016-08-22 16:04:39
Electrica SA power supply and distribution corporation has posted an H1 2016 net profit of 335.911 million lei, up 21.23 percent from 277.085 million lei in the first half of 2015, according to ...

ENERGY

MFE: Over 70 million Euro for energy distribution networks, smart metering and energy consumption monitoring systems

2016-08-19 18:36:02
The Ministry of European Funds (MFE) announced it opened the call for projects to finance the investments in creating the technical conditions for supplying energy produced from renewable energy...

ENERGY

Monsson sold Emon Electric and focuses on external markets

2016-08-18 13:22:24
Wind power project developer Monsson Group said during this week it has sold Romanian electric works company Emon Electric to African company EnComm for an undisclosed sum, in order to focus on ...

ENERGY

ANRE approves Development Plan of electric transport network for the next 10 years

2016-08-04 16:30:25
Romanian energy regulator ANRE approved the Development Plan of the electric transport network (RET) for the following 10 years, until 2025. Planned investments amount to 5 billion lei and do no...

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Read in the Print Edition
Romanian Energy Awards 2017: performance and exceptional accomplishments

The Diplomat - Bucharest celebrated the winners of 21 assigned categories for both conventional and renewable energy, within a prestigious event continuing the annual tradition of acknowledgment of performance ...