Energy
Hidroelectrica Borrows EUR110 Million From EBRD To Upgrade Stejaru Bicaz Plant
Hidroelectrica, Romania’s largest energy producer, took a EUR110-million loan from the European Bank for Reconstruction and Development (EBRD) for the rehabilitation of the Stejaru Bicaz pow...
Boc: Government Will Keep Majority In Strategic Companies
Romanian Prime Minister Emil Boc said Monday that he supports selling minority stakes in companies of strategic importance, such as Trangaz (TGN.RO), Romgaz and Transelectrica (TEL.RO), but...
Thermal Power Producer Craiova Files For EU Funds Worth RON105M
Romanian state-owned thermal power producer CE Craiova signed last week an EU funding contract for 105 million lei (EUR24.84 million), to finance desulphurization works.
CEZ Distributie To Pay RON160M For Counter Reading Services
Romanian electricity supplier CEZ Distributie Craiova, a subsidiary of Czech utilities group CEZ, will allocate 158.2 million lei (EUR37.42 million) over the next four years in household cou...
Will Romania Have More Green Energy Than It Needs?
Investors in wind and solar energy are drawn into the race of green energy, the hottest sector of the moment by something that acts as a magnet: the aid that the Romanian state provides thro...
Increasing Gas Storage Capacity Would Cost Romania Over EUR750M
An increase in the natural gas storage capacity in Romania and the rehabilitation of the transport system would require an investment of more than EUR750 million, according to a report of st...
Romania To Renegotiate Gas Volumes, Prices With Gazprom
Romania will launch negotiations with Russian company Gazprom, to increase the volume of gas transited locally to 10 billion cubic meters, from two billion, as well as to increase the quanti...
Whoever Pays EUR610M First Can Get 9.8% In Petrom
The government chose to sell the 9.84% in Petrom (SNP.RO) using a novel approach for the Romanian capital market: an auction starting from a maximum price of 0.46 lei (EUR0.11) per share wit...
Petrom Announces Potential Significant Gas Find In Oltenia
Romanian dominant oil company OMV Petrom (SNP.RO) Thursday announced drilling success at its 4539 Totea exploration well in the southwestern region of Oltenia, in what could be the “most imp...