Energy
Thermal Power Plant Rovinari Seeks Constructor For RON245M Project
State-owned thermal power producer Rovinari plans to contract works worth an estimated 244.7 million lei (EUR59.2 million) for the construction of a gas desulfurization unit.
Electrica Wants EUR90M Turbines For Upcoming Wind Farm
Electrica, the largest electricity distributor and supplier owned by the Romanian state, wants to buy wind turbines worth EUR93 million, VAT not included, to equip a 50 MW farm located in Fr...
Moratti’s Saras Develops 160 MW Windfarm Projects In Romania - Sources
Italian energy company Saras, chaired by Internazionale Milan’s owner Massimo Moratti, is developing wind energy projects in Romania’s southeastern region of Dobrogea with a total capacity o...
Nabucco Parties To Sign Agreements Against Potentially Harmful Legislation
Romania and the other governments of states transited by the Nabucco gas pipeline will meet on June 8 in Turkey with the companies involved in the project, to sign project support agreements...
Oltchim Buys More Assets In Arpechim Refinery
Chemical plant Oltchim (OLT.RO) bought from oil company OMV Petrom (SNP.RO) another set of assets at the Arpechim refinery, to be used in petrochemistry activities.
Hidroelectrica, Romgaz To Hike Bucharest Stock Capitalization By 5%-10%
Romania’s plan to list minority stakes in hydropower generator Hidrolectrica and natural gas producer Romgaz is likely to increase capitalization on the Bucharest bourse by 5% to 10%, a seni...
All Talk And No Walk For Romania's Nuke Reactors
Romania still lacks investors for nuclear reactors 3 and 4, despite countless months-long talks with potential partners and a series non-binding commitments mostly by Asian companies.
Romania Doesn’t Give Up Plan To Create Energy Champions
Romanian government didn’t give up its plan to merge the main power companies into two national champions, but a system overhaul to create several smaller energy centers has better chances o...
Armax Gaz OKs 10% Stake Buyback For RON12.2M
Romanian oil and gas equipment maker Armax Gaz Medias (ARAX.RO) approved a plan to buy back up to 10% of its shares for a maximum amount of 12.2 million lei (EUR2.96 million), the company sa...