Energy
Hidroelectrica Sells RON25M Worth Of Electricity, Below Target
Romania’s insolvent power company Hidroelectrica has raised just 24.8 million lei (EUR5.4 million) at its electricity auctions this week, well below target, after it was forced to cancel a b...
Businessman Daniel Donos Wants To Invest EUR8M In Photovoltaic Park
Romanian businessman Daniel Grigore Donos wants to invest up to EUR8 million in a solar power project to be developed in Covasna county, central Romania.
Vulcan Eyes $1B Pump Unit Delivery Contract In Kuwait
Romanian steam generator and pump manufacturer Vulcan Bucuresti (VULC.RO) will make a bid in a $1 billion auction for the delivery of 1,500 pumping units to Kuwait Oil Company, general manag...
Biggest Solar Power Park In Romania To Start Producing Electricity In 2013
The biggest photovoltaic park in Romania, with an installed capacity of 12 MW, will start producing electricity in the first days of 2013, in the southwestern Romanian county of Mehedinti, s...
Competition Council Fines Four Companies EUR5.6M For Bid Rigging In Gas Piping Auctions
Romania’s Competition Council on Thursday said it fined four companies a total 25.5 million lei (around EUR5.6 million) for having colluded to rig bids at two auctions organized by natural g...
Electrocarbon Profit Falls 70% In January-September
Romanian industrial electrodes maker Electrocarbon Slatina (ELNG.RO) Wednesday said its profit fell 67.8% on the year to 3.46 million lei (EUR780,000) in the first nine months of 2012.
President Says Romania Is No Longer Willing To Sell Stake In Petrom
Romania is no longer willing to sell 10% of oil company OMV Petrom (SNP.RO) considering the latest developments regarding gas extraction in the Romanian sector of the Black Sea, President Tr...
Hidroelectrica Cancels Electricity Auctions Over Lack Of Bids
Romania’s insolvent energy producer Hidroelectrica has cancelled over a dozen auctions to sell electricity on the OPCOM exchange market Tuesday and Wednesday, due to lack of interest.
Major Farmers Set To Harvest Clean Power
Major Romanian farmers are taking an interest in solar power, the next potential clean energy boom after wind power, and are preparing to convert tens of hectares of land into photovoltaic p...