Energy
Enel Green Power Gets EUR112M Loan For Romanian Wind Projects
Enel Green Power, the renewable energy division of Italian utility Enel, obtained financing of EUR112 million from the Danish government's Export Credit Agency (EKF) to invest in wind farm p...
EU Asks Romania For Clear Commitment On Oltchim Privatization
The European Commission has asked Romania to make “a clear commitment” and present a privatization calendar for the chemical plant Oltchim SA (OLT.RO), said Joaquin Almunia, Vice-President o...
OMV Petrom 3Q Gas Sales Up 15% On Year To 840 Mln Cubic Meters
Romanian oil and gas company OMV Petrom (SNP.RO) reported a 15% rise in third quarter natural gas sales, to 840 million cubic meters, from 730 million cubic meters in the same interval of 20...
EU Probes Hidroelectrica Over Preferential Tariffs, Almunia Says
The European Commission has launched an inquiry into several energy contracts signed by Romanian state-run hydropower producer Hidroelectrica and ArcelorMittal Galati and Alro Slatina (ALR.R...
Enel Green Power Completes 3rd Wind Farm In Romania
Enel Green Power, a unit of Italy’s utility Enel, Thursday said it has completed the construction of a 70 MW wind farm in Tulcea, southern Romania, increasing its total installed capacity in...
Three-Year Wait Is Over As EUR10B Green Energy Support Scheme Kicks In Next Week
The support scheme granting over EUR10 billion in aid to green energy investors will enter force next week (October 24 through October 30), a moment awaited by investors in the sector for th...
Lukoil To Invest $1.5B In Romania Black Sea Blocks If Prospecting Successful
Russian oil giant Lukoil will invest around $400 million in hydrocarbon prospecting at the Romanian Black Sea platform, with another $1.5 billion available for further works if discoveries a...
OMV Petrom, Exxon To Drill First Wells In Black Sea This Winter
Romanian dominant oil company OMV Petrom (SNP.RO) and US giant Exxon Mobil are scheduled to start drilling in the Black Sea this winter, while the first data on possible oil and gas discover...
China Gezhouba Group Mulls Involvement In Romanian Hydropower Project
China Gezhouba Group International Engineering, active in transport infrastructure, energy and tourism, expressed its intention of “firm” involvement in the construction of the Tarnita-Lapus...