Energy
Hunger For Power Throws Market Into Disarray: 10-Fold Higher Spot Rates, Insolvent Traders
The surge in electricity rates on the day-ahead (spot) market from EUR30 to EUR300 to EUR400 per MWh has created a lot of trouble for traders and will show in the January bills of all consum...
Oltchim Ends Non-Binding Bid Stage On Assets Sale
Romanian chemical plant Oltchim Ramnicu Valcea (OLT.RO) has announced the end of the non-binding bid stage of the competitive process regarding the sale of the company’s assets, launched in...
Conpet Seals RON271M Deal With OMV Petrom For Crude Oil Transport
State-run oil transporter Conpet Ploiesti (COTE.RO) has signed a contract of RON271.3 million (EUR60 million) with cu oil and gas company OMV Petrom for crude oil transport, available betwee...
MOL To Convert Half Of Network Into ‘Supermarket’ Gas Stations
MOL Romania, the local subsidiary of Hungary’s oil group MOL, says it plans have the Fresh Corner concept implemented in 100 of its gas stations by the end of the year.
Study: Half Of Romanians Would Opt For A Solar-Heated Home
Half of Romanians (49%) would like to use solar energy for space heating, thus protecting the environment, according to a study on living in Europe commissioned by E.ON.
Nuclearelectrica Closes RON13M Contract With National Water Administration
State-owned nuclear power producer Nuclearelectrica closed a RON13 million contract with National Water Administration company to dispose of waste water from the nuclear power plant in Cerna...
International Projects Generated 10% Of Elsaco Group Revenue In 2016
Last year was quite a challenging year for the Elsaco group in Botosani (northern Romania), which specializes in energy projects and energy efficiency solutions, because of the lack of inves...
Energy Trader Transenergo Files For Insolvency
Electricity and natural gas supplier Transenergo, one of the largest energy traders on the Romanian market, filed for insolvency on January 17, 2017, according to the data on the website of...
Romelectro Expects Significant Rise In Revenue In 2017
Romelectro, one of the largest energy project contractors in Romania, expects a significant rise in revenue this year because of the contracts it won in 2016, when it estimates its revenue r...