Energy
Romgaz Expects To Take Over Iernut Thermal Power Plant By Yearend
Romanian gas producer Romgaz Medias estimates it will take over by the end of the year the Iernut thermal power producer, from Electrocentrale Bucuresti, and is currently awaiting shareholde...
EBRD, IFC Provide EUR115M Loan For EDP's Wind Projects In Cernavoda
The European Bank for Reconstruction and Development (EBRD) and IFC, a member of the World Bank Group, will provide total financing of EUR114.8 million to Cernavoda Power for the constructio...
First Romanian Station For Electric Cars Opens In Bucharest
Romanians may be “convinced” to use less polluting cars or choose bicycles “only” through economic and political decisions, said Environment Minister Laszlo Borbely at the inauguration of th...
Transelectrica Plans To Raise EUR80M In Secondary Offering
Romanian state-run power grid operator Transelectrica (TEL.RO) estimates it will obtain EUR80 million from a secondary public offer in the second half of 2011, general manager Horia Hahaianu...
Transgaz Overshoots 2011 Budget
The management of Transgaz Medias (TGN.RO) admits that budget projections for 2011, which included a profit at one third of 2010 level and falling revenues, are not quite in line with realit...
Dafora May Hike Share Capital By RON5.1M, To RON102.4M
Oil drilling and construction firm Dafora Medias (DAFR.RO) could increase its share capital by 5.1 million lei (EUR1.2 million), to EUR102.4 million.
Hidroelectrica Shops For RON38.2M IT Systems
Romanian state-owned hydropower producer Hidroelectrica will hold an auction on June 28 to select a supplier of computer systems worth a total 38.2 million lei (EUR9 million).
European Commission Asks For Nuke Safety Tests In Romania
Romanian nuclear power oversight committee CNCAN asked nuke plant Cernavoda to reevaluate the security of its two active reactors, at the request of the European Commission, following the po...
UK Petrofac Plans To Invest $300M In Romania By 2025
British Petrofac could invest $300 million in Romania over the next 15 years, to redevelop several mature oil and gas wells, Tuesday said Petrofac Romania general manager Tudor Gafton.