Energy
Hidrolectrica Says Bilateral Deals To Be Terminated ASAP
Romanian state-run energy producer Hidroelectrica will terminate its bilateral deals concluded outside the energy market OPCOM at the earliest possible time, the company said Friday.
Romanian Authorities Set Up Strategy For Coal Mining Firm SNLO
Romanian authorities will continue to lay off staff at coal mining company SNLO, cease underground activity, remove positions created through direct employment and send staff into furlough,...
Rompetrol To Resume Oil Drilling In Libya In 1Q 2012
Oil group Rompetrol on Monday announced it plans to resume oil drilling in Libya in the first quarter of 2012, since the political situation seems to have stabilized.
Economy Ministry Selects Adviser For Oltchim Privatization
The Economy Ministry on Monday announced that it has selected PricewaterhouseCoopers as advisers for the preparation and unfolding of privation at chemical plant Oltchim (OLT.RO).
Swedish Sweco Inks EUR3M Consultancy Deal With Hidrolectrica
Swedish Sweco Monday said it has won a EUR3 million contract to provide consultancy service for the modernization of the Stejaru-Bicaz hydropower plant, a unit of Romania’s hydropower genera...
Romania, Turkey To Sign Declaration For Strategic Partnership
Romania and Turkey will sign a declaration for a strategic partnership targeting cooperation between the two countries in the economic, military, and energy sectors, and the fight against te...
EBRD Could Lend Up To EUR30M To BRD
The European Bank for Reconstruction and Development is considering extending Romania’s lender BRD two credit lines amounting to up to EUR30 million to finance energy saving projects.
Two Belgian Investors To Build Three Wind Farms In Romania
Two shareholders of Belgium’s property developer Bel Rom Real Estate plan to build three wind farms in Romania with a total installed capacity of 150 MW.
Romania To Sell 15% In Romgaz By End-June 2012
The Romanian Economy Ministry will sell a 15% stake in natural gas producer Romgaz by end-June 2012, according to the government’s latest letter of intent to a EUR3.5 billion loan agreement...