Energy
Transelectrica Appoints New Interim CEO for Four Months
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Friday supervisory board members have appointed Bogdan Toncescu as interim CEO for a four-month period starting June 25.
OSCAR Downstream Reaches Total Investments Of EUR50M In Last Five Years
OSCAR Downstream, the largest independent player on the Romanian oil market, on Friday said it had invested EUR50 million in its business development over the last five years and seeks to ex...
Parliament Ratifies $8B Nuclear Power Romania-US Agreement
Romania's parliament has ratified an $8 billion agreement between the governments of Romania and the United States for the refurbishment of one nuclear reactor and the building of two new re...
Denmark’s Eurowind Plans Almost EUR100M Wind Farm in Galati
EWE Frumusita, the project company of a 66 MW wind farm in Galati has received the connection contract from Distributie Energie Electrica Romania (DEER), part of the Electrica group, the ope...
OMV Petrom Enters Liquefied Natural Gas Distribution Market
OMV Petrom, the largest energy company in South-Eastern Europe, announced Tuesday it has obtained a license to commercialize liquefied natural gas (LNG), thus diversifying its activities on...
Transelectrica Gets Shareholder Approval For Dividend Of RON0.87/Share, At 3.4% Yield
Shareholders of Romanian state-owned power grid operator Transelectrica (TEL.RO) have approved in their general meeting of June 22, 2021 both a gross dividend of RON0.28 per share, which was...
Electrica Seeks To Set Up Power Generation Company; Eyes 400 MW Renewable Energy Projects
Romanian state-owned energy utility group Electrica (EL.RO) will organize on August 11 the extraordinary general meeting of shareholders which are expected to approve the establishment of a...
Vegetable Oil Producer Expur Invests EUR15.7M in Generating Power from Sunflower Seed Husks
Expur, one of the largest vegetable oil and biodiesel producers in Romania, has started investment in a cogeneration facility in Slobozia, which will use sunflower seed husks as raw material...
Nuclearelectrica Sells RON283M Worth Of Electricity To CEZ Vanzare
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Friday in a stock market report that it concluded a contract worth RON283 million with CEZ Vanzare, an electricity supplier in...