Energy
Competition Council OKs Setup Of Oltenia Power Producer
Romania’s Competition Council on Thursday approved the creation of the Oltenia thermal power producer, which clusters state-owned units Craiova, Rovinari, Turceni and coal company SNLO.
Romania To Launch Roadshows For Transelectrica SPO Next Week
Romania will launch roadshows for a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO) on February 27, while investors will be able to subscribe to the offeri...
Siliken Solar Panel Plant In Timisoara Employs 500, Set To Export To US And Asia
About a year ago, Spanish-held Siliken, an approximately EUR500 million business specializing in solar panel manufacturing, started operations in a plant in Timisoara, after investing EUR5 m...
Transelectrica Pays RON361M For Grid Works, Maintenance
Romanian state-run power grid operator Transelectrica (TEL.RO) will pay 361.3 million lei (EUR82.2 million) to its unit Smart SA for works and maintenance services at its electric installati...
Gas Price Regulation Might Strike At Investment - Petrom CEO
Current gas prices in Romania create an unsustainable situation that could impact investment on this segment, including the activity of the thermal power producer built by OMV Petrom (SNP.RO...
OMV Petrom Is A Driver For Romania's Economy - CEO
OMV Petrom (SNP.RO) is a pillar of stability and a trustworthy partner for Romania's economy, especially when it comes to the taxes paid, energy supply to consumers and investment, chief exe...
Petrom: Romania Gas Market Up 3% In 2011, Fuel Market Steady On Year
Romanian natural gas market rose 3% to 14.2 billion cubic meters in 2011, helped by growing demand from industrial consumers, oil company OMV Petrom (SNP.RO) said Wednesday.
EU Approves RON1.2B State Aid For Coal Mine Closures In Romania
The European Commission has authorized 1.17 billion lei (around EUR270 million) of Romanian public funding for the closure of three uncompetitive coal mining units owned by the country’s har...
OMV Petrom, ExxonMobil Find Significant Gas Discovery In Black Sea Block
Romanian dominant oil company OMV Petrom (SNP.RO) and ExxonMobil Exploration and Production Romania Wednesday reported a significant gas discovery at their joint Domino-1 deepwater well in t...