Energy
OMV Petrom Natural Gas Output Down 11% in 1H/2022 from Year-Earlier Period
OMV Petrom, Romania’s largest natural gas producer after Romgaz, ended the first half of this year with a natural gas production of 1.7 billion cubic meters, 11% lower from the same period o...
Nuclearelectrica Signs First Contract for Refurbishment of Cernavoda Unit 1
Nuclearelectrica (SNN.RO),the only nuclear power producer in Romania, has announced the advancement of the Unit 1 Refurbishment Project by signing the first contract with Candu Energy, membe...
Hidroelectrica Ends H1 with 30% Decline in Electricity Production
Hidroelectrica, Romania's largest state-owned energy producer, ended the first half with a 3 TWh decrease in energy production compared with last year when the company injected more than 10...
ANRE: Romania’s Power Consumption Down 5.2% In Jan-April
Romania’s power consumption was 5.2% lower in the first four months of 2022, as households used 3.2% less electricity and industrial consumers 6.4%, a report of Romania’s energy market regul...
Transgaz Gets RON300M Loan from Raiffeisen Bank
Transgaz (TGN.RO), the natural gas grid operator in Romanian handling 90% of the natural gas used in the country, has recently obtained a RON300 million loan from Raiffeisen Bank, the compan...
Paval Holding Establishes Grunman Energy, Eyes Solar Power Projects Of 400 MW
Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval who own do-it-yourself (DIY) retailer Dedeman, has recently established the company Grunman Energy which will genera...
Simtel Team Built Over 30 Solar Power Plants For DIY Retailer Dedeman
Simtel Team, a Romanian engineering and technology company, said it built 31 photovoltaic power plants for do-it-yourself retailer Dedeman, during a period of over three years of collaborati...
KREIF Gets RON119M Loan From OTP Bank For Expansion Of Rompetrol Fuel Stations
The Kazakh-Romanian Energy Investment Fund (KREIF), controlled by KMG International and the Romanian State, has contracted a loan of RON119 million (about USD$24.75 million) from OTP Bank Ro...
Electrica Appoints Lucian Penes As CFO Of Distributie Energie Electrica Romania
Distribuție Energie Electrica Romania (DEER), part of Electrica Group, on Monday announced the appointment of Lucian Penes to the position of Chief Financial Officer (CFO), effective July 20...