Energy
Electrocentrale Deva Seeks RON200M Loan For Eco Works
Electricity producer Electrocentrale Deva, held by Romanian state-owned power producer Termoelectrica, plans to contract a loan worth 200 million lei (EUR46 million) for environment investme...
Petrom Expected To Announce Record Profit. Shares Gained 30% Since Start Of The Year
The largest company in Romania is expected to report a net profit ranging between EUR830 to EUR900 million on Wednesday, the largest ever made in the Eastern European country.
Eolica Dobrogea Sues Authorities For EUR118M Over Power Grid Connection
Eolica Dobrogea, working for Spanish Iberdrola, sued energy regulator ANRE and state-owned power grid operator Transelectrica (TEL.RO), along with the operator’s former general manager, clai...
Uzuc To Sell Five Properties For EUR2.15M Total
The shareholders of technological lines maker Uzuc (UZC.RO), part of the Serviciile Comerciale Romane group, owned by businessman Stefan Vuza, approved the sale of five plots in Ploiesti (60...
Retrasib Plans To Buy Back 10% Of Its Own Shares
Management at Romanian transformer maker Retrasib Sibiu (RTRA.RO) approached shareholders with a proposition to buy back at most 10% of the company’s shares, in an operation that could cost...
Bilateral Deal Beneficiaries Agree To Hidroelectrica’s New Terms - Sources
Companies holding bilateral contracts with Romanian state-owned hydropower producer Hidroelectrica accepted price increases and a 10% to 20% reduction of delivered quantities, as well as a s...
Power Outages Are Caused By Obsolete Power Lines, Upgrades Needed
The recent blackouts in Romania call attention to the fact that they are caused by faulty infrastructure, with two thirds of the power grid in an advanced state of usage and 30% of installat...
Romgaz Hikes Gas Imports By 40% To Meet Demand
Romanian natural gas producer Romgaz Medias Friday said its gas imports increased by 40% in the first half of the month to meet the growing demand following extremely cold temperatures.
Alro Could Declassify Hidroelectrica Deal, But Won’t Parade It
Romanian aluminum producer Alro Slatina (ALR.RO), part of Russian-owned group Vimetco, on Thursday said it is willing to declassify the electricity purchase contract it has with state-owned...