Energy
Hidroelectrica To End Bilateral Deal Renegotiations In March
Negotiations for the bilateral contracts concluded by state-owned hydropower producer Hidroelectrica should conclude by the end of March, company general manager Dragos Zachia said Tuesday.
CEZ Romania 2011 Revenue Slides 5% To EUR383M
CEZ Romania, a unit of Czech power group CEZ AS, posted a 5% decline in sales to CZK9.5 billion (EUR383 million) in 2011, hit by lower revenue from distribution services and provisioning aga...
Gazprom Imports Have Highest Price – GDF SUEZ Romania
The natural gas imported by GDF SUEZ Energy Romania through the Arad-Szeged (Hungary) pipeline is cheaper than the Russian gas, Tuesday said Eric Stab, the company’s chief executive officer.
Hidroelectrica Mulls EUR200-EUR300M Bond Issue To Fund Projects
Romanian state-run hydropower generator Hidroelectrica is considering launching a bond issue of around EUR200-EUR300 million as alternative financing to the traditional bank loans, general m...
Hidroelectrica Sees Profit Rising Up To RON100M In 2012
Romanian state-run hydropower generator Hidroelectrica estimates its net profit will rise up to 100 million lei (EUR23 million) in 2012, from roughly RON16 million a year earlier, as water l...
Romgaz Appoints New Interim General Manager
Romanian state-owned natural gas producer Romgaz has appointed Costel Totan as interim general manager, replacing Dumitru Chiselita who was appointed adviser within the Economy Ministry.
EBRD: Romania’s Power Grid Can Absorb Only 2,000 MW In Wind Energy
Romania’s national power grid can absorb at most 2,000 MW from wind farms, half of the estimations put forth by system operator Transelectrica (TEL.RO), a senior banker with the European Ban...
EBRD: Romania Should Privatize Energy Segment
The main problem faced by Romania’s energy segment is the old equipment, and the easiest way to solve this issue is to sell to private companies, according to Louis Borgo, senior banker with...
Transelectrica Lifts Ban On Power Exports
Romanian state-run power grid operator Transelectrica (TEL.RO) Monday said it has lifted a temporary ban on electricity exports imposed on local companies after freezing temperatures drove c...