Energy
Electroprecizia To Invest EUR3M In Hydropower Plant
Romanian electric engines maker Electroprecizia (ELZY.RO) on Monday said it will invest over EUR3 million in building a micro-hydropower plant in Sacele, in central county of Brasov.
RCS&RDS Continues Acquisitions In Energy Sector
RCS&RDS, one of the largest local telecoms, bought another company in the electricity generation business after acquiring two companies developing solar PV projects in Braila county for EUR2...
Romania Ranks Fifth In EU By Newly-Installed Wind Power
Romania ranked fifth in the European Union in terms of newly-installed wind power in 2012, with 923 new MW, following investments of around EUR1.5 billion.
Uztel 2012 Net Profit Falls To RON3.8M
Romanian insolvent oilfield equipment manufacturer Uztel Ploiesti (UZT.RO) Friday reported a 30% drop in its 2012 net profit to 3.8 million lei (EUR0.85 million), on lower sales.
Electrica In EUR250M War With CEZ, Enel And E.ON Over Privatizations
The Romanian state, through Electrica, is seeking justice in Paris in matters concerning European energy giants’ non-compliance with clauses in the privatization contracts.
Chinese Company Becomes Largest Investor In Romanian Solar Energy With EUR100M Project
A Chinese investor is making a bet of around EUR100 million to build the largest solar park in Romania, while other Chinese companies want to invest in wind turbine manufacturing.
Oltchim To Name New General Manager In March
Romanian state-run chemical plant Oltchim Ramnicu-Valcea (OLT.RO), which has recently entered insolvency, will appoint a new general manager next month to replace Mihai Balan, the Economy Mi...
Romania 2012 Power Output Falls 2.7% On Year
Romanian power output declined 2.7% on the year to 22.76 million tons of oil equivalent in 2012, on falling production in most sectors, official data showed Thursday.
Romenergo: Romania Has Lost Its Major Competitive Edge As A Low-Cost Supplier
Romenergo, a company that has been active for over 35 years in the energy sector, says as the country has become de-industrialized, companies that used to have a rich activity on foreign mar...