Energy
Energy Holding CE Oltenia Pledges RON7B Investments In New Production Capacities Until 2026
Romanian state-run energy holding Complexul Energetic Oltenia, one of the largest electricity producers in Romania, will submit to the European Commission a restructuring plan which provides...
Enel’s Romanian Electricity Distribution Companies Eye Nearly EUR100M Investments In Power Grid Upgrades In 2020
E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, the electricity distribution companies in Romania of Italian utility group Enel Group, will be investing RON483 millio...
Hidroelectrica Net Profit Falls 11% To RON806M, Revenue Drops 23% To RON1.9B YoY In 1H/2020
Romanian state-owned power producer Hidroelectrica, the most profitable state-run company in Romania, ended the first half of 2020 with a net profit of RON806 million, down 11% on the year,...
Calik Enerji Turkey Appointed General Contractor for Petromidia New Cogeneration Plant
Turkey's Calik Enerji has been designated as general contractor for the construction of a new cogeneration plant at Petromidia refinery, a project amounting to $148 million, under a contract...
Transelectrica Net Profit Almost Quadruples in 1H, to RON116M
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON116 million in the first half of 220, nearly four times higher compared with the RON30...
Romgaz Net Profit Drops 47% in 2Q, to RON229M
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) on Friday reported a net profit of RON229 million for the second quarter of 2020, down 47% on the year.
Electrica Net Profit Grows 74% in 1H, to RON189M
Romanian state-owned energy utility group Electrica (EL.RO) posted revenues of RON3.2 billion in the first half of 2020, up 3.2% on the year, and a net profit of RON189 million, up 74% on th...
Rompetrol Rafinare Loss Triples in 1H, to RON592M
Rompetrol Rafinare (RRC.RO), part of KMG International and 44.6% owned by the Romanian state, posted a net loss of RON592 million in the first half of 2020, compared with a loss of RON138 mi...
Nuclearelectrica Net Profit Grows 80% in 2Q, to RON128M
Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO) on Friday reported a net profit of RON128 million for the second quarter of 2020, up 80.3% compared with RON71 million...