Energy
EC Calls on Romania to Correctly Transpose EU Rules on Natural Gas Market
The European Commission on Thursday decided to send a letter of formal notice to Romania for failing to correctly implement certain requirements of EU directives and regulations after the co...
Over Half a Million Electrica Customers Get Smart Meters in Next Five Years
Over half a million customers of state-owned power utility Electrica will have smart meters ion the next five years, said Livioara Sujdea, executive distribution manager.
Kazakh–Romanian Energy Fund Invests $230M in Petromidia Cogeneration Plant, Gas Station Chain
The Kazakh–Romanian Energy Investment Fund, 80% owned by KMG Internatioanl and 20% by the Romanian state, plans to invest $230 million in a cogeneration plant at the Petromidia refinery and...
Hidroelectrica Stands to Lose EUR40M From Selling Output at Regulated Price
Romania's state-owned hydropower producer Hidroelectrica will be forced to sell 9.7% of its output this year at a regulated price of RON111.6/MWh under government decree 114.
FP Manager May Reassess Net Asset Value Over Hidroelectrica Regulated Tariffs
Franklin Templeton, manager of Fondul Proprietatea (FP.RO), said Tuesday it will analyze whether any adjustment of FP's net asset value is required following Hidroelectrica's obligation to s...
Conpet Ploiesti Turnover Grows 2.2% in 2018, Profit Drops 20%
State-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a turnover of RON385 million for 2018, up 2.2% compared with 2017.
Electrica Posts 15% Growth in Net Profit in 2018, to RON297.9M
Romanian state-owned energy utility group Electrica (EL.RO) on Thursday reported a net profit of RON297.9 for 2018, up 15% on the year.
Romania to Build New Gas Pipeline Connection to Serbia
Romania's state-owned natural gas transmission company Transgaz will build an 85 km gas pipeline to connect the local transmission grid to that of neighboring Serbia, according to a draft go...
Amonil Slobozia Goes Bankrupt
Energy producer Amonil Slobozia (AMO.RO) enters bankruptcy after the Ialomita Court approved Friday the request of judicial administrator Expert Insolvență S.P.R.L. - Filiala Bucuresti, the...