Energy
Romgaz Agrees to Extend Iernut Contract after Multiple Delays and Termination Notices
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) said Friday it has come to an agreement with the contractor building the Iernut power plant to finalize the project.
Transelectrica Announces Investments Of RON270M To Consolidate Energy Infrastructure In Moldavia
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Thursday announced investments of over RON270 million in consolidating the energy infrastructure in the region of Moldavia...
ENGIE Romania Acquires 5.46 MW Solar Park in Southern Romania
ENGIE Romania, the largest natural gas distributor in Romania, has acquired a 5.46 MW solar park located in Teleorman, southern Romania, from two German investors.
E.ON Energie Targets 27% Higher Turnover In 2021, Above EUR1B Threshold
E.ON Energie Romania targets a turnover of RON5.35 billion (nearly EUR1.1 billion) in 2021, 27% higher than the level reported in 2020. This year’s optimistic business forecasts come after a...
E.ON’s Delgaz Grid Targets RON612M Investments In Distribution Infrastructure Upgrades
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said it would invest RON612 million (EUR126 million) in 2021, in modernizing and extendi...
Rompetrol Rafinare Turnover Up 8% To USD1B, Loss Drops Sixfold To USD14.7M In 1Q/2021
Rompetrol Rafinare (RRC.RO), the company which manages the Petromidia Navodari and Vega Ploiesti refineries, reported a turnover of USD1 billion for the first quarter of 2021, up 8% on the y...
OMV Petrom Closes Sale of Assets in Kazakhstan to Focus on Black Sea Region
OMV Petrom, the largest energy company in Southeastern Europe, said Monday its has closed the sale of its production assets in Kazakhstan to focus its regional expansion towards the Black Se...
Hidroelectrica Profit Grows 77% in 1Q, to RON760M
Hidroelectrica, Romania's most valuable state company and the most awaited IPO on the Bucharest stock market, ended the first quarter of 2021 with a net profit of RON760 million, up 77% comp...
Nuclearelectrica Net Profit Grows 9% To RON234M, Revenue Rises 10.6% To RON704M YoY In 1Q/2021
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) on Friday said it ended the first three months of 2021 with a net profit of RON234 million, up 9% on the year, and revenue of...