Energy
Transelectrica Profit Grows 51% in Jan-Sept, to RON98M
Romanian state-run power grid operator Transelectrica (TEL.RO) on Thursday reported a net profit of RON98 million for January-September, 51% higher on the year.
Alro Net Profit Falls 13% in Jan-Sept, to RON224M
Alro Slatina (ALR.RO), one of the largest vertically integrated aluminum producers in Europe, on Thursday said its net profit dropped 13% on the year in January-September, to RON224 million,...
Enel To Invest EUR20M To Install 2,500 Electric Vehicle Charging Stations in Romania
Enel X Romania, member of Enel Group's advanced energy services division, launched an infrastructure development plan Tuesday and seeks to install 2,500 electrical vehicle charging stations...
Oltchim 9-Month Net Profit Doubles To RON84M
Insolvent chemical plant Oltchim Ramnicu Valcea (OLT.RO) on Tuesday said its net profit soared 110.4% year-on-year to nearly RON84 million (EUR18 million) in January-September 2018.
EximBank Lends RON150M to Romelectro for Ongoing Projects
State-owned lender EximBank said Monday its has granted a credit facility of RON150 million to Romelectro, one of the largest energy project contractors in Romania, for projects underway in...
Black Sea Oil & Gas Signs 15-Year Contract with Transgaz for Transport of Gas from Midia Project
Black Sea Oil & Gas and Transgaz on Friday signed a 15-year gas transmission contract for the transport of the production from Midia Gas Development Project (MGD Project) into the national t...
Govt Breaks Energy Sector ‘Piggybanks’, Asks For More Dividends
The state-run energy sector crown jewels are now assessing their reserves as the government wants additional dividends from them. Meanwhile they could see their investment budgets hurt, whil...
EC: Romania's CE Hunedoara Must Pay Back EUR60M Incompatible State Aid
The European Commission has found that energy producer Complexul Energetic Hunedoara (CE Hunedoara) received around EUR60 million of incompatible state aid from Romania through four publicly...
A Company In Bucharest Has To Wait 174 Days To Get Electricity
Romania is at the bottom of the European Union ranking by length of time it takes a business to get electricity.