Energy
Oltchim Maintains Furlough For 1,000 Employees
Romanian chemical company Oltchim (OLT.RO) will maintain 993 employees on furlough in January 2012, continuing a measure taken over the past five months for lack of raw materials and working...
Romania May Cease Gas Supply To Companies In Cases Of Force Majeure
The gas supply of chemical plants and power producers, with consumption of more than 30,000 cubic meters per hour, will be limited or ceased in case of force majeure, which will also include...
Romania May Link Energy Market With Other EU States
Romania's energy market might be linked to its counterparts in the Czech Republic, Slovakia and Hungary, state-owned power grid operator Transelectrica (TEL.RO) said Tuesday.
Romania To Select Partner For EUR1B Hydropower Plant Next Spring
The Romanian government will select by next spring a partner for its planned 1,000-megawatt hydropower plant in Tarnita-Lapusteti, an investment valued at over EUR1 billion, Prime Minister E...
Longed-For Green Energy Support Scheme Took Effect In November
November kick-started a genuine revolution in green energy, as this is the first month when the support scheme for green energy became fully operational after a three-year wait for investors...
Romanian Nuke Plant Operator Shuts Down Reactor For Repairs
Nuclearelectrica, operator of Romania's sole nuclear power plant at Cernavoda, Monday shut down the plant's reactor 2 in order to repair a malfunction.
Court Says Hidrolectrica Can Maintain Force Majeure On Energy Deliveries
The Bucharest Court of Appeals decided that state-run hydropower generator Hidroelectrica can maintain its force majeure declaration on the energy delivered to Energy Holding, Hidroelectrica...
Romania Takes EUR500M From EIB For Infrastructure, Eco Investment
Romanian authorities on Friday signed two deals with the European Investment Bank, for loans cumulating EUR500 million, aimed at funding the construction of a new subway line in Bucharest an...
Petrom May Book EUR100M In Additional Costs As A Result Of Legislative Changes
OMV Petrom (SNP.RO), the largest company in Romania, could be significantly affected by the changes of the Gas Law approved by the Chamber of Deputies on Thursday.