Energy
Romania Clears RON127M State Aid For Coal Mine Closure Scheme
The Romanian government Tuesday said it will disburse a new 127 million lei (EUR29 million) subsidy for state-run coal mining company Compania Nationala a Huilei (CNH), part of a larger fina...
Hidrolectrica To Lift Force Majeure On Power Deliveries May 1
Romanian state-run hydropower generator Hidrolectrica will deactivate a force majeure on energy deliveries May 1, the Economy Ministry said in a statement Tuesday.
Drought-Hit Hidroelectrica Supplies Over 40% Of Romania Power Output
Romania’s state-run hydropower generator Hidroelectrica is covering over 40% of the national energy production, despite operating at half capacity, according to data from the power grid oper...
OMV Petrom's Output Down In 1Q, But Gas Sales Rise
The hydrocarbon production of Romania's largest oil and gas company OMV Petrom (SNP.RO) fell slightly in the first quarter, due to severe weather conditions, according to a trading statement...
Rovinari Seeks RON143M Loan For Upgrades
Romanian state-run thermal power producer Rovinari plans to borrow 143 million lei (EUR32.7 million) to upgrade its production units, the company said in a statement Monday.
Government Pledges To Provide Electricity To All Remote Villages, Estimates Costs At EUR226M
The Romanian Government pledges again to provide electricity to all households and remote villages countrywide, and has extended the rural electrification program until 2016.
Hidroelectrica To Cancel Large Batch Of Underpriced Deals Next Week - Sources
Romanian state-run hydropower producer Hidroelectrica will likely terminate most of its controversial underpriced corporate supply contracts signed in the early 2000s, people familiar with t...
Comelf Seeks EUR5.8M Loans To Finance Operations, Investments
Romanian industrial equipment maker Comelf Bistrita (CMF.RO) plans to borrow up to CHF7 million (around EUR5.8 million) in the next twelve months to finance current operations and future inv...
Schlumberger Ploiesti Service Base To Operate As Hub For All Eastern European Markets
Schlumberger group, the world’s largest provider of services for the oil and gas industry, has chosen Ploiesti (southern Romania) for a world class facility staffed by 170 people and set to...