Energy
INS: Romania's Power Output +5.3% In First Half, Energy Resources +6.1%
Romania’s power output rose 5.3% on the year in the first half, while the country’s total energy resources increased 6.1%, the National Statistics Institute said Monday.
Court Orders Hidroelectrica To Resume Power Delivery To 2 Companies
Romania’s state-run hydropower generator Friday announced it has resumed energy delivery to two companies whose contracts were terminated in 2010, after the companies won a first court battl...
Boagiu Says Energy Companies Overcharge CFR
Romanian Transport Minister Anca Boagiu Friday lashed out at power companies, accusing them of overcharging the state-run rail company CFR SA, whose total electricity bill has reached 1.98 b...
Condmag 1H Net Profit Sinks On Sales Slump
Romanian utility pipeline builder Condmag (COMI.RO) Friday reported a first-half net profit of 188.964 lei (some EUR45,000), much lower than RON3.1 million in the year-earlier period, as sal...
Energobit: From A Fax And $50 To EUR100M
Over 20 years, Cluj-based EnergoBit built a group with turnover of over EUR100 million, which has ended up competing on an equal footing with all major international companies on the energy...
Enel Evaluates Electrica’s Stakes In Enel Muntenia Units At EUR388M
Romanian Electrica’s remaining shares in two power companies controlled by Italian utility Enel have been evaluated at EUR388 million, according to a report released by Enel Investment Holdi...
SocGen, UniCredit And CaixaBank Provide EUR50M Loan For Romanian Wind Farms
French bank Societe Generale, alongside Italy’s UniCredit and Spanish CaixaBank will provide a syndicated loan worth EUR50 million to co-finance the construction of two wind farms in Romania...
CEZ Romania Unit On Brink Of Liquidation - CEO
CEZ Vanzare, the retail division of energy company CEZ Romania, is on the brink of being closed down because it can’t recover a debt of 330 million lei (EUR78 million) from state-run rail co...
CEZ: Romania Renewable Energy Scheme To Push Bills Up By 3%-4%
Romanian consumers are likely to pay by up to 3% or 4% more for electricity once the updated scheme to support renewable energy producers comes into force, CEZ Romania said Thursday.