Energy
CNH Employees Laid Off In 2011 Will Receive New Tranche Of Severance
Romania's Economy Ministry has signed a protocol with the miners' unions in national coal company CNH Petrosani, regarding the payment of a new tranche of severance pay to employees laid off...
Enel Completes Over EUR400M Wind Projects, Won't Stop Here
Italy’s Enel, which became the largest energy distributor in Romania following privatizations, is close to complete 292-MW wind power projects worth over EUR400 million, according to ZF esti...
EDP And Iberdrola Start EUR200M Projects In Romania
The start of 2012 brings new investments in wind farms, the most dynamic segment of the Romanian energy sector in the past two years, with projects with a capacity of around 1,000 MW and wor...
Oltchim Dodges Blackout As Contract With Electrica Ends But Lights Stay On
Romanian electricity supplier Electrica on Tuesday terminated its electricity supply contract with chemical company Oltchim (OLT.RO), and deliveries to the plant were taken over by Electrica...
Emerson Group To Hire 400 More People In Romania This Year
US Emerson group, a $21 billion global business, hired about 400 persons for its plants in the Tetarom II industrial park in Cluj-Napoca last year. It plans to continue employments in 2012 a...
Romanian Government OKs Hidroelectrica, Nuclearelectrica IPOs
The Romanian government Wednesday approved selling stakes of 10% in power producers Hidroelectrica and Nuclearelectrica, as per an agreement with the International Monetary Fund.
OMV Petrom Confirms Malfunctions At Brazi Power Plant
Romanian oil and gas company OMV Petrom (SNP.RO) Wednesday announced malfunctions at the Brazi power plant it is building, thus confirming information previously published by MEDIAFAX.
Renewable Energy Needs To Stand On Its Own - Competition Council VP
Renewable energy will soon have to stop relying on government support, since companies investing on this segment are “spoiled” with state aid, Tuesday said Valentin Mircea, vice-president of...
Petrom Power Plant Launch Delayed For May - Sources
The thermal power plant built by oil company OMV Petrom (SNP.RO) in central Romania will most likely be launched in May, with a six-month delay, because of technical difficulties, people clo...