Energy
EBRD: Romania And Turkey, Top Renewable Energy Investment Destinations
Romania and Turkey are the countries pointed out by all investors when it comes to green energy investments, says Riccardo Puliti, managing director in charge the energy and natural resource...
Chimcomplex Borrows EUR8.6M For Upgrade Works
Chemical plant Chimcomplex Borzesti (CHOB.RO) will borrow EUR8.6 million to finance upgrade works at its power systems, the company said in a statement Tuesday.
Transelectrica Ups 2011 Pretax Profit Forecast To RON42M
State-run power grid operator Transelectrica (TEL.RO) plans to revise upward to 42 million lei (EUR9.8 million) its pretax profit forecast for 2011, from RON25 million previously, the compan...
Economy Ministry Ups Renewable Energy Fund Cap To EUR287M
Romanian Economy Ministry has increased by EUR100 million the budget for renewable energy projects co-financed from European funds, the ministry said in a statement Tuesday.
Romgaz To Auction Off RON70M Rig Services Contract
Romanian state-owned gas producer Romgaz Medias will auction off, on August 19, a rig services contract worth 69.3 million lei (EUR16 million).
IFC, EBRD Provide EUR73.3M To Cofinance Wind Farm In SE Romania
The European Bank for Reconstruction and Development and the IFC, the financial arm of the World Bank Group, will provide a EUR73.3 million loan to co-finance the operation of the 90 MW Pest...
EBRD Eyes Minority Stake In Hidroelectrica, CEO Trihenea Says
The European Bank for Reconstruction and Development plans to buy a minority stake in state-run hydropower generator Hidroelectrica once the company is floated in Bucharest, Hidroelectrica’s...
EBRD Lends EUR110M To Hidroelectrica, For Financing Upgrades
Romanian state-owned hydropower producer Hidroelectrica signed Tuesday a EUR110 million financing contract with the European Bank for Reconstruction and Development, or EBRD, to upgrade the...
Dafora Inks EUR23M Drilling Services Deal With OMV Petrom
Romanian oil drilling firm Dafora Medias (DAFR.RO) Tuesday announced it has signed a EUR23 million frame contract with OMV Petrom (SNP.RO), for oil and gas drilling services.