Energy
NEK Buys Additional 17% Stake In Eolica Dobrogea
Swiss NEK Umwelttechnik group, which controls wind farm developer Eolica Dobrogea (Schweiz) AG, has bought an additional 17% stake from the company’s former manager Corneliu Dica.
Vestas Wants To Open Wind Turbine Service Center In Bucharest In 2014
Danish wind turbine producer Vestas will increase its installed wind power capacity in Romania to 1,100 megawatts by August, from 800 MW currently, and wants to open a wind turbine service c...
Energreen Investment Europe Buys Solar Power Plant In Brasov
Investment company Energreen Investment Europe has bought a 17 megawatt peak solar power plant in Brasov, central Romania.
Vestas To Supply 36 Wind Turbines For Project Developed By Lukerg Renew In Romania
Danish group Vestas, the world’s largest wind turbine producer, will supply 36 wind turbines with a total installed capacity of 72 megawatts for a project developed by Lukerg Renew in Tulcea...
Wind Farm Production Drags Electricity Prices Down 40%
The average electricity price dropped almost 40% in the first quarter of the year, and the trading price on the day-ahead (spot) market is now closer to the price in the similar period of 20...
Vulcan Bucuresti General Manager Steps Down
Victor Dan Alesandru has resigned from the position of general manager of Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO).
China Gezhouba Targets Hydropower, Infrastructure Projects In NW Romania
China Gezhouba plans to get involved in the construction of the Tarnita-Lapustesti hydropower plant in Cluj, northwestern Romania, and to invest in construction works on the Transylvania hig...
Small Investor Demand For Transgaz SPO Exceeds Available Supply Three Times
A secondary public offering of 15% in Romanian state-run natural gas transporter Transgaz drew hefty demand from small investors in the first three days of the issue, with subscriptions exce...
Nearly 1,000 Oltchim Employees Protest Outside Government Building
Nearly 1,000 employees of insolvent state-owned chemical plant Oltchim Ramnicu Valcea and its petrochemical unit in Bradu are protesting outside the government building in Bucharest Tuesday,...