Energy
Romania Winds Up 2011 With 1,000 MW From Turbines
The capacity of operational wind farms in Romania has reached this year 1,009.5 MW, 40% higher than the capacity of reactor of the Cernavoda nuclear plant. Investments exceeded EUR1.5 billio...
Alro Ups 2011 Net Profit Forecast To $76M
Romanian aluminum maker Alro Slatina (ALR.RO) revised its budget for 2011 as it now expects a net profit of $76 million, up 19% from the initially seen $64 million, despite buying electricit...
Hidroelectrica Terminates Bilateral Contracts With Four Companies
Romanian state-owned hydropower producer Hidroelectrica terminated all direct sale contracts it had with SNLO, Salrom and CLMB Patinoar Brasov, while Luxten Lightning ended the contract “for...
Electrica Seeks EUR70M Loan For Wind Farm
Romanian state-owned electricity supplier Electrica plans to take out a loan worth up to EUR70 million, for the construction of a wind farm in eastern Romania.
Romanian ELCEN Seeks Loan For Raw Materials
Romanian thermal power producer Electrocentrale Bucuresti (ELCEN) on Wednesday said it plans to take out a 5-year loan worth between 150 and 300 million lei (EUR35-70 million) to buy raw mat...
Seven Bidders Interested In Building 250 MW Vimetco Power Plant In SE Romania
Dutch-registered Vimetco, the owner of Romanian aluminium maker Alro Slatina (ALR.RO), Wednesday said it has received seven offers from companies interested in constructing a 250 MW power pl...
Romania Extends Bidding Deadline For Brokering Romgaz Public Offer
Romania’s Economy Ministry has extended until January 16 the deadline by which companies can bid to broker the floating of a 15% stake in state-owned natural gas producer Romgaz.
Diesel Fuel Excise Hike To Raise Prices 2% - Minister
Diesel oil prices will rise by 2% following the increase of excise duties on diesel fuels starting 2012, Romanian Finance Minister Gheorghe Ialomitianu said Tuesday evening.
Rompetrol To Invest $2.8M In Dragging Works At Midia Port
Romanian Midia Marine Terminal, owned by oil group Rompetrol, will invest some $2.8 million in 2012 for dragging works on the Midia Port berths, in a bid to facilitate oil tanker transit, Ro...