Energy
Transgaz Offering On Schedule: Price Comes Next Week
The prospectus for the sale of 15% in Transgaz Medias (TGN.RO) has been finalized and sent to the National Securities Commission (CNVM) for approval. The only step left is for the Romanian G...
New Owner Expects EBITDA Break-even From Mechel's Former Plants In Targoviste, Buzau
Bucharest-based Invest Nikarom, the new owner of Mechel’s former steel plants in Romania, expects the two units in Targoviste and Buzau to post zero EBITDA (earnings before interest, tax, de...
Government Names Procurement Authority’s President As State Representative At OMV Petrom
The Romanian Government named Wednesday the president of Romanian procurement authority ANRMAP, Lucian Vladescu, as state representative in OMV Petrom (SNP.RO) Supervisory Board.
Government OKs Transfer Of Transelectrica, Transgaz To Finance Ministry - Sources
Romania’s Government on Wednesday approved a decision to transfer the control over the shares in state-run power grid operator Transelectrica (TEL.RO) and natural gas transporter Transgaz (T...
Metrorex Mulls Buying Electricity Worth RON89M
Bucharest subway operator Metrorex will organize an open auction to purchase approximately 175,000 megawatt-hours of electricity, the company said in a statement.
Romanian Government Approves RADET- ELCEN Merger - Sources
Romania’s government approved Wednesday the merger of heating distributor RADET and thermal power producer ELCEN, people close to the matter told Mediafax Wednesday.
OMV Petrom Shuts Down Brazi Power Plant Due To Cold Weather
Romanian leading oil company OMV Petrom (SNP.RO) Wednesday said it had to shut down its thermal power plant in Brazi because of low natural gas pressure following an unseasonal cold snap.
CEZ: Oltenia Could Be Powered Entirely By Sun
Romania’s southwestern region of Oltenia could derive its energy from solar projects alone, the head of power supplier CEZ Distributie said Wednesday.
Ariston Thermo Romania Estimates 12% Higher Sales In 2013, To EUR33.6M
Heating equipment maker Ariston Thermo Romania registered sales of around EUR30 million in 2012, up 5% from 2011, and estimates a 12% increase in sales to EUR33.6 million in 2013, backed by...