Energy
Transelectrica Wants Dual Board System
Romanian power grid operator Transelectrica (TEL.RO) Wednesday proposed giving up its unitary board system in favor of a dual system, the company said in a call to shareholders.
Oil Price Falls 24% In Three Months, Gasoline Price In Romania Up 2%
No local oil company has announced plans to cut pump prices, despite the drop of the Brent oil barrel below $100 in the past week, to the January 2011 level, and despite the 24% decline reco...
Norway To Give Romania EUR300M In Non-Refundable Aid To Reduce Pollution
The Norwegian government will give Romania non-refundable aid worth EUR306 million in 2012-2014, destined for companies using non-pollutant technologies.
Romania 1Q Natural Gas Consumption Slides 2% To 17.8M MWh
Romanian natural gas consumption fell 2% to 17.8 million megawatt hours in the first quarter, from 18.5 million MWh in the year-earlier period, the country’s energy regulator ANRE said in a...
OMV: Petrom Will Remain An Integrated Company, But Any Fiscal Change Will Affect Investment Plans
Almost one year since becoming chief executive of OMV, Gerhard Roiss gives a few clues about the prospects of Romania's largest oil and gas producer, Petrom, as well as its future challenges...
Drought Helps Thermal Power Plants Post Record Revenue
Romanian thermal power producer Turceni, Rovinari and Craiova ended last year with record revenue, as the drought that hurt Hidroelectrica was a real boost for the business of the three plan...
Tinmar-Ind Posts Over EUR320M In Revenue In 2011, Prepares EUR100M Worth Of Solar Power Projects
Tinmar-Ind, an energy trader controlled by businessman Augustin Oancea, almost doubled its revenue last year, to more than EUR324 million.
Economy Minister Signs Three EU-Funded Contracts For Electricity Distribution Projects
Romanian Economy Minister Daniel Chitoiu on Friday signed three contracts financed with non-reimbursable EU money targeting several projects developed by state-owned electricity distributor...
Transelectrica To Upgrade Power Station Using Non-Reimbursable Funds
Romanian state-run power grid operator Transelectrica (TEL.RO) will upgrade a power station in the central city of Brasov with non-reimbursable public financing amounting to 45.3 million lei...