Energy
Enel Reports EUR1.39B Revenues in Romania in 2020
Italian utility group Enel, which owns electricity distribution companies E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, reported revenues of EUR1.39 billion in Roma...
Electrica Seeks to Borrow over RON1.7B to Fund Investments, Acquisitions
Romanian state-owned energy utility group Electrica (EL.RO) will seek shareholder approval on April 28 for loans totaling over RON1.7 billion from the EIB, Raiffeisen Bank and Erste to fund...
OMV Petrom Seeks to Pay 136% of 2020 Profit as Dividends
OMV Petrom (SNP.RO), the biggest energy company in South-Eastern Europe and the biggest issuer on the Bucharest capital market by value, has summoned shareholders on April 27 to approve the...
Liberty Galati Says It Has Adequate Funding for Current Needs
Steel mill Liberty Galati said Tuesday it has the funds to cover the plant's current needs although the insolvency of investment fund Greensill, the main lender to its parent group, was “cha...
MOL Romania Opened 14 New Gas Stations in 2020
Oil group MOL, which owns 234 gas stations in Romania, sees the Romanian market as having high growth potential, and 2020 was a good year with 14 new stations opened.
Nuclearelectrica Seeks to Distribute RON472M as Dividends
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, plans to distribute dividends totaling RON472 million from its 2020 profit.
Second Wave of Wind Farm Investments in Romania
Romania could see more than EUR2 billion investments in 1.4 GW of wind farms in the next five years, with the major companies in the green energy sector already seeking permits from grid com...
Moara Cibin Sibiu Invests EUR330,000 in Solar Panels
Electricity and natural gas group E.ON Energie Romania, part of German utility group E.ON, said Friday it has completed a EUR330,000 solar panel installation project for Moara Cibin Sibiu.
E.ON's Delgaz Grid to Invest in Automating Electricity Distribution
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said Thursday it is prioritizing the automation of its electricity distribution infrastr...