Energy
Petrom Ups Pump Prices By RON0.08/Liter
Romania's largest oil company OMV Petrom (SNP.RO) on Monday increased pump prices for gasoline and diesel oil by RON0.08 (EUR0.0176) per liter, after five consecutive price cuts.
Hidroelectrica Wants 74% Raise In Electricity Prices On Regulated Market -Sources
Romanian state-owned hydropower producer Hidroelectrica has asked Romania’s National Regulatory Authority for Energy ANRE to approve a 74% increase of prices for electricity sold under regul...
CEZ Revamps Hydropower System In Resita
CEZ Romania, a unit of Czech power group CEZ AS, Monday said it started procedures to upgrade its TMK Hydroenergy Power company, which operates several small hydropower plants in the western...
Each Employee Of OMV Petrom Gas Brought Over EUR700,000 In Profit In 2011
Each employee of OMV Petrom Gas, Alpiq RomEnergie and British Tobacco brought their companies net profit ranging between EUR250,000 and EUR722,000 in 2011, these being the most profitable em...
Sweden's Usitall Might Invest Up To EUR400M In Two Power Plants In Romania
Swedish waste-to-energy developer Usitall is considering an investment of EUR200-400 million in Romania to build two power plants, in Bucharest and Galati.
Hidroelectrica Contract Negotiation With EFT To Last Until July 16
The administrators of Romanian state-owned power producer Hidroelectrica, which is insolvent, will continue to renegotiate the company's direct energy sale contract with EFT until July 16, a...
SNLO Made Unlawful Payments, Causing Losses To State Budget In 2009-2011
The management of Romanian state-owned mining company SNLO has caused significant losses for the state budget, through unlawful spending in 2009-2011, including paying for bogus projects and...
EU Launches Inquiry Into Electricity Deals Between Hidroelectrica, ArcelorMittal Galati
The European Commission has started an official inquiry into possible preferential tariffs at Romanian state-run power company Hidrolectrica after preliminary findings revealed two of the co...
Power Output Down 1.6% On Year In January-May
Romanian energy output inched down 1.6% on the year to 9.61 million tons of oil equivalent in the first five months, due to declining production in the thermal and hydropower sectors, offici...