Energy
Agrofam Wants To Develop Solar Power Project Worth EUR50M In Fetesti
Romanian group Agrofam plans to develop a solar power project in southeastern Romania, in partnership with an Austrian company, Agrofam owner Stefan Poienaru told a news conference Thursday.
CEZ Romania 1Q Production, Trading EBITDA More Than Doubles On Year
CEZ Romania, a unit of Czech power group CEZ AS, reported first-quarter operating profit before taxes of CZK1.4 billion (EUR55.5 million) from production and trading operations, more than do...
Expert Chosen To Select CEN Oltenia CEO Gets To Work
The quest to identify the chief executive officer of Complexul Energetic Oltenia (Oltenia Energy Complex) has now begun with the choice of Kienbaum, Germany’s largest executive search firm,...
Chimcomplex 1Q Sales Up 7% To RON49.2M
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) on Wednesday reported sales of 49.2 million lei (EUR11.2 million) in the first quarter of 2012, up 7% compared with the same interval a...
GDF Suez Energy Romania To Invest RON127M In Network Upgrades
GDF Suez Energy Romania, a unit of French-Belgian utility GDF Suez, will invest 126.7 million lei (EUR28.2 million) to upgrade its natural gas network in Bucharest, the company said Wednesda...
Romanian Privatization Calendar Sidetracked, Says IMF
The planned privatizations of state companies in Romania have been sidetracked following a series of unsuccessful auctions and the country should now focus on a shorter list of six enterpris...
Franks, IMF: “Wise Guys” That Refuse To Renegotiate Energy Contracts Risk Higher Losses
The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the...
OMV Petrom To Shut Down Petrobrazi Refinery For Upgrades
Romania’s largest oil company OMV Petrom (SNP.RO) will shut down production at its Petrobrazi refinery for a six-week overhaul, the company said in its financial report Wednesday.
OMV Petrom Received EUR3.4 Worth Of Green Certificates In 1Q
The first-quarter electricity production of Dorobantu wind farm brought OMV Petrom (SNP.RO) 61,763 green certificates, which might be valued at EUR3.39 million at current market prices, Roma...