Energy
Nuclearelectrica Boasts All-Time High Figures in 1Q/2022: RON820M Profit, Up 250%, and Almost Triple Revenues at RON1.9B
Amid the unprecedented energy price hikes, Nuclearelectrica, Romania’s sole nuclear energy producer and a company where the Romanian state is a majority stakeholder, reported all-time high f...
Rompetrol Rafinare Completes USD$4.2M Upgrade Of Vacuum Distillation Plant At Vega Ploiesti Refinery
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has recently completed a USD$4.2 million investment in the modernization of the Vacuum Distillation Plant (DV...
Hidroelectrica Hires Consultants For Listing On Bucharest Stock Exchange
The Romanian Government and property restitution fund Fondul Proprietatea, the two shareholders of Romanian state-owned hydropower producer Hidroelectrica, approved the appointment of legal...
Electrica Appoints Alexandru Chirita Interim CEO
Electrica (EL.RO) the largest actor on the electricity distribution and supply market in Romania, on Thursday night announced Corina Georgescu had been revoked from her position as chief exe...
Restart Energy To Carry Out Solar Energy Project Worth Over EUR500,000 For Cottontex
Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Thursday said it signed a contract worth over EUR500,000 with sportswear manufacturer Cottontex.
Electrica CEO Corina Popescu Replaced from Her Position
Corina Popescu, the chief executive officer of Romania’s largest electricity distributor and supplier Electrica Group, has been replaced, market sources say, without providing a definite nam...
Distributie Energie Electrica Romania To Invest RON689M In Electricity Distribution Network Upgrades In 2022
Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group, has an investment plan of RON689 million for 2022, for the modernization and development of...
Two Entrepreneurs Turn Moldavia into Romania’s New Wind Energy Pole
Romanian businessmen Manole Gheorghe and Vasile Domente are virtually turning Moldavia into Romania’s new wind power pole.
Romgaz Signs Contract to Buy Exxon’s Stake in Neptun Deep
Prime Minister Nicolae-Ionel Ciuca, Energy Minister Virgil Popescu and David Muniz, Chargé d’Affaires ad-interim of the US Embassy to Romania, on Tuesday attended the signing of the contract...