Energy
Court Postpones Decision In Rompetrol File For August 20
The Bucharest Court on Thursday postponed for August 20 a decision in a case involving Romania's second largest oil group Rompetrol (RRC.RO), in which 12 people are accused of fraud, includi...
Transelectrica To Use Central Depository Services For Dividend Payment
Romanian power grid operator Transelectrica (TEL.RO) will use the Central Depository’s services to pay out last year’s dividends to its shareholders, thus becoming the first state-run compan...
Some 300 Miners Stage Protest Over Small Wages, Work Conditions
About 300 miners at the Crucea uranium mine in Suceava county barricaded themselves underground Thursday morning displeased with wages and work conditions.
Who Bets On Biomass?
While wind farms projects have already attracted EUR2 billion investments and solar farms are seen as the new stars of green energy, projects turning wood or waste into power are tentatively...
Electrocentrale Group Up And Running By End September - Termoelectrica
Romania’s planned energy company Electrocentrale Group will be operational by the end of September, state-run power producer Termoelectrica said in a statement Wednesday.
Transelectrica Takes New Loan To Finance Unit Upgrades
Romanian energy company Transelectrica (TEL.RO) Wednesday said it will borrow EUR42 million to finance upgrade works at its power stations.
CEZ Romania Allocates EUR50M Annually For Power Line Upgrades
Romanian power supplier CEZ Distribution, a unit of Czech utility group CEZ, Wednesday said it has been investing EUR50 million annually for the past six years to upgrade its distribution ne...
This Year’s Deals Show What Romanian Sectors Will Develop: Agriculture, Energy And IT&C
Agriculture, renewable energy and IT&C have been the most attractive sectors for foreign investors this year, which spent several hundreds of millions of euros to enter Romania.
Electrica Seeks EUR375M Deal With Enel For Unit Shares
Romanian state-run energy company Electrica plans to sell 13.47% of its 23.57% stake in power distributor Electrica Muntenia Sud to Italian utility Enel in a bid to raise approximately EUR37...