Energy
Romania To Give Emergency Aid To Oltchim Employees In One Tranche, In December
The Romanian Government decided Tuesday to provide an emergency aid for the employees of chemical plant Oltchim Ramnicu Valcea (OLT.RO), in one tranche in December, as it didn’t have “enough...
Hidroelectrica’s Attempt To Sell Electricity On OPCOM Market Was Unattractive
Romania’s insolvent energy producer Hidroelectrica attempt to sell electricity on the local energy exchange OPCOM was unsuccessful, as four of the six auctions held Tuesday were annulled on...
Romania Aims Attracting Several Chinese Companies In Over $3B Energy Investments
The Romanian Government aims to attract several Chinese companies to invest in electricity production units of over $3 billion, according to the secretary of state with the Economy Ministry...
Oltchim Funds Production Restart With Advances From Clients
Production at Romania’s state-run chemical plant Oltchim Ramnicu Valcea (OLT.RO) was restarted with money paid in advance by the company’s clients, Rodin Traicu, secretary of state with the...
Economy Ministry: China Guangdong Nuclear Could Join Cernavoda Project
China Guangdong Nuclear Power Group could finance around 40% of Romania’s planned construction of two additional reactors at the nuclear power plant in Cernavoda, an official of the Economy...
Lulache Refuses Offer To Run Nuclearelectrica - Sources
Daniela Lulache has declined the Economy Ministry’s offer to act as interim general manager of state-owned power producer Nuclearelectrica, market participants told Ziarul Financiar Tuesday.
Oltchim Loss Widens To RON308.5M In January-September
Romania’s state-run chemical producer Oltchim Ramnicu Valcea (OLT.RO) on Monday said its net loss widened 72% on the year to 308.5 million lei (EUR69.6 million) in the first nine months, hur...
New Investments Of EUR1B And Over EUR200M Collected By Green Energy Producers In First Nine Months
Renewable energy attracted investments of around EUR1 billion in the first nine months of this year in Romania, with more than EUR900 million drawn by wind energy alone.
Romanian Energy Efficiency Projects Could Get EUR2B For 2014-2020
The budget allotted for energy efficiency projects in the European Union’s next budget planning period 2014-2020 stands at 10% of the value of structural funds and it might reach EUR2 billio...