ELECTRICA
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Electrica Invested EUR111M In First 9 Months, Money Went Also To Wind Farm Projects
Romanian state-run energy company Electrica and its subsidiaries invested 501.7 million lei (EUR111 million) in the first nine months of the year, and a part of the money went to two wind fa...
Chimcomplex Fails To Buy Oltchim’s Debt To Electrica
Romanian chemical plant Chimcomplex Borzesti (CHOB.RO), owned by businessman Stefan Vuza, has not bought the EUR150 million debt of chemical plant Oltchim Ramnicu-Valcea (OLT.RO) to state-ru...
Electrica To Select Advisors For Units Sale By October 1
Romanian state-run power company Electrica SA will select advisors for the privatization of its units Electrica Furnizare and Electrica Serv on September 25 and October 1, respectively, the...
Govt Increases Number Of Electrica Shares To Be Sold In Bucharest
Romania’s Economy Ministry plans to sell stakes of 39% in each of the three distribution units belonging to state-run power company Electrica, according to a draft government decision.
Electrica Seeks EUR375M Deal With Enel For Unit Shares
Romanian state-run energy company Electrica plans to sell 13.47% of its 23.57% stake in power distributor Electrica Muntenia Sud to Italian utility Enel in a bid to raise approximately EUR37...
Economy Ministry State Secretary May Be Appointed Administrator Of Electrica
Economy Ministry secretary of state Gelu Stefan Diaconu will be appointed temporary administrator of Romanian state-owned power distributor Electrica, according to a memorandum included on t...
CEZ Romania Says Group Interested In Electrica Privatization
Czech energy group CEZ is interested in participating in the privatization process of the remaining distribution units of Romanian state-run power company Electrica, the head of CEZ Romania...
Electrica's Distribution Units 2011 Net Profit Rises To RON116M
The distribution branches of Romanian state-owned energy company Electrica posted a cumulated net profit of 116 million lei (EUR27.4 million) in 2011, more than double from RON47.1 million i...
Electrica GM Resigns
Ioan Folescu, general manager of Romanian energy supplier Electrica, resigned Friday, after the new administration expressed its doubts over his lack of political involvement.