Energy
Drought-Induced Force Majeure Shrinks Hidroelectrica Electricity Deliveries
Romanian state-owned hydropower producer Hidroelectrica will reduce by up to 30% the quantity of electricity delivered to clients, because of the drought, people close to the matter told MED...
Economy Ministry Extends Bidding Deadline For Transelectrica SPO Until Oct 6
Romanian Economy Ministry has delayed until October 6 the deadline by which brokers can file bids to run a secondary offering of 15% in state-run power grid operator Transelectrica (TEL.RO),...
Romania Imported Gas Worth $8.5B In 2004-2010
Romania has imported natural gas worth a total $8.5 billion between 2004 and 2010, which is “a lot”, Tuesday said Dumitru Chiselita, gas sales director within state-owned gas producer Romgaz...
Way To Make Money By Getting People To Switch Energy Providers
Marius Moise, an entrepreneur trained in marketing, set up his own business after persuading several companies with a minimum energy consumption of 50 MWh/year to change their supplier of el...
BCR Gets EUR20M Loan From EBRD To Finance Energy Projects
The European Bank for Reconstruction and Development Monday extended a EUR20 million loan to Romanian lender BCR to finance investments in the energy sector developed by small- and medium-si...
E.ON Romania Head Foresees Harsh Winter
Utility giant E.ON is going through one of the most challenging periods in its history after Germany decided to completely discard nuclear power until 2022. Romania, a market of over EUR1 bi...
Refinery Astra To Contribute 10.8 Ha Of Land To Hidro Bitum Capital Hike
Romanian oil refinery Astra Romana (ASP) Ploiesti will contribute in kind to increasing the share capital of Hidro Bitum Teleorman, a company part-held by InterAgro owner Ioan Niculae.
Romania's New Energy Cos To Be Privatized By June 2012, Including Layoffs
Romania's new energy companies Oltenia and Hunedoara will be privatized by the end of June 2012, a move which will entail layoffs in some of their component operations, says the Government's...
ANRE Announces 8% Hike In Gas Prices For Corporate Customers, Starting Oct 1
The price of natural gas will grow by 8% for industrial consumers starting October 1, while the price paid by household consumers and thermal power producers will remain unchanged, Romanian...