Energy
Alro 1H Net Profit Falls To RON15.2M Over Weak Demand
Romanian Alro Slatina (ALR.RO), the largest aluminum smelter in southeast Europe, Friday said its net profit fell almost twelve-fold on the year to 15.2 million lei (EUR3.4 million) in the f...
Cold Winter And Hot Summer Boost Electricity Consumption
Electricity consumption, which generally signals the evolution of the whole economy, saw a slight decline between January and July, and the only period when the indicator was significantly h...
Armax Gaz 1H Sales Down 8% To RON40M
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) reported sales of almost 40 million lei (EUR9 million) in the first half of the year, down 8% from RON43.2 million in the same...
Filasa To Invest EUR3B In Romanian Wind Farms
France-based Filasa International plans to build wind power stations with a total capacity of over 2,000 megawatts in Romania, in a total investment estimated at around EUR3 billion, chief e...
Hidroelectrica Cancels Deal With Deva Power Plant, After RON109M In Losses
Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from Electrocentrale Deva, which cost the insolvent c...
Green Energy Projects Now The Size Of The Two Nuclear Reactors
Romania now has green energy projects the size of the two Cernavoda nuclear reactors, after investments of over EUR2 billion.
Hidroelectrica Cancels Loss-Making Deal With Paroseni Thermal Plant
Euro Insol, the administrator of Romanian state-owned power producer Hidroelectrica, has cancelled a contract for the purchase of energy from the Paroseni thermal plant, which cost the insol...
GDF SUEZ Energy Romania Plans RON300M Bond Issue In Bucharest
GDF SUEZ Energy Romania, a unit of French-Belgian utility GDF SUEZ, plans to launch a 300 million lei (EUR64 million) bond issue in Bucharest, according to a company call to shareholders.
Martifer Solar Romania Completes First Photovoltaic Energy Project
Martifer Solar Romania, a unit of Portugal’s industrial group Martifer, completed its first photovoltaic energy project in the eastern county of Vrancea, the company said Wednesday.