Energy
OMV To Start New Drilling In Romanian Black Sea In 2013
Austrian oil and gas group OMV next year will start drilling for more hydrocarbon resources at an offshore perimeter in the Romanian Black Sea, an official of the company said Wednesday.
Condmag, Transgaz Ink RON15.4M Pipeline Deal
Romanian oil and gas pipe maker Condmag Brasov (COMI.RO) has won a 15.4 million lei (EUR3.4 million) contract to supply a pipeline to state-run natural gas transporter Transgaz Medias (TGN.R...
Oltenia Energy Holding Expects Revenue Of Over RON2B In 2012
Romanian power holding Oltenia expects over 2 billion lei (EUR440 million) in revenue this year.
Upet Borrows Funds To Finance Working Capital
Romanian oilfield equipment maker Upet Targoviste (UPET.RO) Tuesday said it will borrow $5 million from UniCredit Tiriac Bank and another EUR2.3 million from Raiffeisen Bank to finance worki...
Hidroelectrica To Invest In Solar, Wind Energy
Romanian insolvent energy producer Hidroelectrica plans to invest around EUR200 million in seven hydropower plants in 2013 and to start construction of several solar and wind parks, whose co...
Romania’s New Energy Investment Projects Touch Record-High In 2012, To EUR2.6B
The year 2012 will be the best of the last 22 years in terms of new investments in electricity generation facilities, with projects of about 2,200 MW, three times the capacity of a nuclear r...
RCS&RDS Branches Out Into Solar Power Industry
RCS&RDS, one of the largest local telecom groups, has bought 90% in two companies developing solar power projects in Braila County. The two projects are worth about EUR20 million and are the...
Solar Power Expectations Set Too High
Solar energy was seen as the new boom in renewable energy after the wind power sensation. But after the first ten months of 2012, things don’t look very encouraging and some market specialis...
Hidroelectrica Sells RON9.6M Worth Of Electricity
Romanian power producer Hidroelectrica Monday sold electricity worth 9.6 million lei (EUR2.1 million) on the local energy exchange OPCOM at a price of RON220.2 per MWh.