Energy
Electromagnetica Invests RON19M In Micro Hydropower Plant
Romanian electric and electronic equipment maker Electromagnetica Bucuresti (ELMA.RO) Monday said it has invested 19 million lei (EUR4.6 million) in a micro hydropower plant in the northern...
Electrica To Sell Remaining Stakes In Enel Muntenia Units
State-run energy company Electrica plans to sell its remaining shares in power distributors Enel Energie Muntenia and Enel Distributie Muntenia and will ask Italy’s Enel to present an offer...
Korean Companies Eye Stake In Cernavoda Nuke Project
A consortium formed of two South Korean companies wants to join the construction of reactors 3 and 4 at nuclear power plant Cernavoda, the Romanian Economy Ministry said in a news release Fr...
Regulated Prices May Mean Priority Access To Power Grid For Renewable Energy
Romanian energy regulator ANRE proposed the reduction of priority access, by renewable energy producers to the power grid, to include solely producers whose prices are regulated.
Oltchim Celebrates 45th Birthday Rallying On Bucharest Stock Exchange
Germany’s PCC group has bought 3.6% in Oltchim (OLT.RO) for 9.5 million lei (EUR2.3 million) over the last few weeks, contributing to the stock price skyrocketing of the stock price, which i...
Bucharest Subway Operator Goes Shopping For Power
Metrorex, the operator of the Bucharest subway network, intends to buy one year’s worth of electricity for 52 million lei (EUR12.6 million), according to a company announcement.
Oltchim Makes Bid To Take Over Entire Activity Of Arpechim
Romanian state-run chemical plant Oltchim (OLT.RO) Thursday said it has made an offer to take over the entire activity of troubled supplier Arpechim Pitesti, after owner OMV Petrom (SNP.RO)...
SOCAR: AGRI Competes With Nabucco For Precedence In Azerbaijan
Azerbaijan will consider the AGRI gas route project a priority if it turns out it can be constructed before the Nabucco pipeline, according to Vitaliy Baylarbayov, vice-president of Azeri st...
PCC Ups Stake In Oltchim To 15.7%, Shares Continue Rally
German PCC SE on Wednesday bought 1.9% of Romanian state-run firm Oltchim (OLT.RO), for 5.9 million lei (EUR1.43 million), thus upping its stake in the chemical company to 15.7%.