Energy
Transelectrica Net Profit Falls 21% on Year in 2016
Romanian state-run power grid operator Transelectrica (TEL.RO) reported Wednesday its net profit fell 21%, to RON286 million in 2016, from RON360 million in 2015.
Nuclearelectrica Net Profit Declines 27% in 2016
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO), operator of the power plant in Cernavoda, reported Wednesday a net profit of RON108.6 million for 2016, 27% lower than...
Behind Romania’s Court Case That Got It EUR401M From Enel
The verdict of the International Court of Arbitration in Paris in the former Electrica Muntenia Sud case, requiring Italy’s Enel to pay EUR401 million to the Romanian government for 13.57% i...
Romgaz To Turn Depleted Fields In Moldavia Into Storage Facility
Moldavia could be the region for the development of new gas storage facility, as it has none at the moment. The new investment is also intended to help exports to the Republic of Moldova and...
Competition Council Clears Transaction Between Mazarine Energy Romania SRL And OMV Petrom SA
Romania’s Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over some assets of oil and gas company OMV Petrom SA.
Daniel Tudose, New GM Of TMK Hydroenergy Power
Daniel Tudose will be running TMK Hydroenergy Power, as of February 2017, the company that owns the four micro hydropower plants (Grebla, Crainicel I, Crainicel II and Breazova) and correspo...
ANRE: Energy Price Hikes Won’t Impact Household Consumer Bills
The fluctuations of the energy prices on the power exchange, registered in the last 15-20 days, will not affect the electricity or heating bills of household consumers, energy regulator ANRE...
Energy Ministry: ANRE Should Make Sure Energy Price Hikes Won’t Impact Household Consumer Bills
Robert Tudorache, state secretary in the Energy Ministry, has invited the representatives of the Economy Ministry, energy regulator ANRE, Competition Council, power exchange OPCOM and state-...
Electrica’s Exposure At RON36M On Transenergo Insolvency
Romanian electricity distribution and supply company Electrica (EL.RO) has an exposure of RON36.3 million resulted from the insolvency of its client Transenergo and expects a low recovery ra...