Energy
President Klaus Iohannis Says EU’s Dependence On Russian Gas Must End
The European Union's dependence on Russian gas must end and countries must insist more on alternative energy sources, Romania's President Klaus Iohannis told a joint news conference with Eur...
Electrica Holders To Discuss Approving Up To RONR900M Ceiling For Company’s Bond Issues For 2022-2023
Shareholders of electricity distributor and supplier Electrica will discuss at their general meeting on April 20 approving a ceiling of up to RON900 million for the company’s bond issues for...
Electrica Proposes Gross Dividend Of RON0.45/Share To Its Shareholders
Electrica (EL.RO), one of the main players on the energy supply and distribution market in Romania, seeks to pay out total dividends worth RON152.8 million, respectively 50% of the individua...
Hidroelectrica Turnover Up 63% To RON6.3B, EBITDA Up 71% To RON4.7B YoY In 2021
Hidroelectrica, Romania’s biggest power producer, on Monday reported record financial results for 2021, ending the year with a turnover of RON6.3 billion, up 63% from 2020, and an operating...
Romgaz Sees 44% Growth in Revenue and 52% Growth in Profit in 2021
Romgaz (SNG.RO), Romania’s natural gas producer and supplier and the largest state-run company listed on the Bucharest Stock Exchange, saw its revenue increase by 44% and net profit by 52% i...
Transelectrica And EIB Strengthen Cooperation To Speed Up Investments In Romania Energy Sector
Romanian state-run power grid operator Transelectrica (TEL.RO) and the European Investment Bank (EIB) will intensify their cooperation in order to consolidate and accelerate investments in t...
Analysis: Companies In Romania Can Access EUR30M Tops For Investments In Solar And Wind Energy
Romania’s Ministry of Energy has announced the immediate availability of a funding package totaling nearly EUR600 million in non-reimbursable funds in the field of renewable energy.
Nuclearelectrica Operating Revenue Up 28% To RON3.2B, Net Profit Up 45% To RON1B In 2021
Romania's nuclear power producer Nuclearelectrica (SNN.RO) ended 2021 with operating revenue of RON3.2 billion, up 28% on the year, and a net profit of RON1.01 billion, up 45% from 2020, in...
NuScale Could Make Small Nuclear Reactors in Romania
The plan of NuScale, which will make the small modular nuclear reactors (SMR) for Romania, is to assemble them in a plant, and one such plant could be in Romania, CEO John Hopkins said at th...