Energy
Mechel Completes EUR3.2M Investment At Its Otelu Rosu Plant
Russian steel giant Mechel Thursday said it has completed a EUR3.2 million investment in a new production line at its Ductil Steel Otelu Rosu plant, in western Romania.
Rominserv Sees Revenue Down To $200M In 2011
Rominserv Valves Iaifo Zalau, the general contractor of Romania’s second-largest oil group Rompetrol, estimates total revenue of $200 million in 2011, slightly down from $217 million a year...
Transelectrica Cuts 2011 Pretax Profit Forecast To RON25M
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates a pretax profit of 25 million lei (EUR5.75 million) in 2011, down from RON42 million previously predicted, the compan...
Romania To Select Advisers For Electrica Units Privatization By End March
The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions.
Romania Extends Bidding Deadline For Cernavoda Nuke Project
Romanian state-owned energy producer Nuclearelectrica Thursday extended until March 15, 2012 the deadline by which investors can file binding offers for the construction of two additional re...
Romania Bans Local Gas Exports Pending Import Diversification
Romanian companies will not be able to export natural gas until import sources are diversified using the current infrastructure, according to a draft amendment to the gas law, approved Thurs...
Romania Has Big Listing Plans For 2012
The government has scheduled to sell 15% in Transelectrica (TEL.RO), Transgaz (TGN.RO) and Romgaz by mid 2012. Hidroelectrica and Nuclearelectrica should follow in the fall.
Romania May Launch Transelectrica Public Offering End-February
The public offering whereby the government plans to sell a 15% stake in power grid operator Transelectrica (TEL.RO) will be launched at the end of February, a government official said Wednes...
Chimcomplex To Build EUR22M Power Unit
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO) will invest up to EUR22 million in a new thermal power unit, the company said in a statement Tuesday.