Energy
Transelectrica Considers Borrowing Money to Pay Dividends to Romanian Government
Romanian state-run power grid operator Transelectrica might have to borrow money to pay special dividends of RON170.79 million as the government, its majority shareholder, has required.
Romanian Antitrust Authority Keeps Eye on Fuel Prices
Romania's antitrust body is keeping close watch on the fuel market and will intervene if it notices prices rising excessively following a hike in fuel excise duties, organization president B...
Hidroelectrica Invests RON24M In Upgrading Its Plant In Calimanesti
Romanian state-run hydropower generator Hidroelectrica is investing RON23.7 million in modernizing hydropower plant HA1 Calimanesti, and works will be funded exclusively from the company’s d...
Competition Council Clears Premier Energy - Forte Gaz GN Transaction
Romania’s Competition Council has approved the transaction whereby Premier Energy SRL takes over Forte Gaz GN SRL.
Hidroelectrica To Transfer Special Dividends Of RON655M To State Budget In Two Weeks Tops
The Energy Ministry and investment fund Fondul Proprietatea, the two shareholders of state-run hydropower generator Hidroelectrica, on Wednesday approved the payment of RON655 million worth...
Michele Abbate Named GM Of Enel Energie And Enel Energie Muntenia
Michele Abbate has been appointed general manager of Enel Energie and Enel Energie Muntenia, the electricity supply companies held by Enel Group in Romania, according to a press statement re...
Economy Ministry Asks Transgaz To Transfer Dividends Of Over RON170M To State Budget
The Economy Ministry has asked natural gas transmission company Transgaz to summon the Ordinary General Assembly to approve the distribution as dividends of RON171 million from existing amou...
Competition Council Looks Into Transeastern Power BV-OMV Petrom Wind Power Deal
Romania’s Competition Council on Monday said it was looking into the acquisition of OMV Petrom Wind Power S.R.L by Transeastern Power B.V., considering this economic operation exceeds the va...
Fondul Proprietatea Seeks To Sell Stake in Hydropower Producer Hidroelectrica
Romanian investment fund Fondul Proprietatea (FP.RO) seeks to sell its stake in Romanian hydropower producer Hidroelectrica due to lack of progress in floating the company on the Bucharest S...