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ELECTRICA

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Oltchim Dodges Blackout As Contract With Electrica Ends But Lights Stay On
Energy

Oltchim Dodges Blackout As Contract With Electrica Ends But Lights Stay On

Romanian electricity supplier Electrica on Tuesday terminated its electricity supply contract with chemical company Oltchim (OLT.RO), and deliveries to the plant were taken over by Electrica...

Andrei Cîrchelan · 18.01.2012 · 16:01 · 1 min
Electrica Threatens Blackout At Oltchim, Over Unpaid Bills
Energy

Electrica Threatens Blackout At Oltchim, Over Unpaid Bills

Romanian state-owned electricity supplier Electrica reduced volumes delivered to chemical company Oltchim (OLT.RO), because of a debt worth more than EUR100 million, and it is summoning the...

Andrei Cîrchelan · 16.01.2012 · 12:41 · 1 min
Electrica Seeks EUR70M Loan For Wind Farm
Energy

Electrica Seeks EUR70M Loan For Wind Farm

Romanian state-owned electricity supplier Electrica plans to take out a loan worth up to EUR70 million, for the construction of a wind farm in eastern Romania.

Andrei Cîrchelan · 29.12.2011 · 12:20 · 1 min
Energy

Electrica To Award RON46.3M Acquisition Contract

Romanian state-owned electricity distributor Electrica SA wants to attribute a contract worth 46.3 million lei (EUR10.8 million) through negotiation.

Andrei Cîrchelan · 23.12.2011 · 17:03 · 1 min
Banks-Insurance

AXA Life Insurance Wins RON18.1M Contract With Electrica

Romanian insurer AXA Life Insurance won in November an auction held by electricity distributor Electrica, for a 18.1 million lei (EUR4.23 million) health insurance contract.

Andrei Cîrchelan · 21.12.2011 · 14:04 · 1 min
Romania To Select Advisers For Electrica Units Privatization By End March
Energy

Romania To Select Advisers For Electrica Units Privatization By End March

The Romanian Economy Ministry will hire by March 31, 2012 advisers for the privatization of several units of power company Electrica SA, according to a couple of draft government decisions.

Florentina Dragu · 15.12.2011 · 17:45 · 1 min
Electrica To Transfer Supply Business To Electrica Furnizare
Energy

Electrica To Transfer Supply Business To Electrica Furnizare

Romanian government has decided power company Electrica SA is to transfer its supply business to its unit Electrica Furnizare and to privatize the latter by end-October 2012, according to th...

Florentina Dragu · 08.12.2011 · 21:01 · 1 min
Romania To Put 2 New Firms Under Private Admin, Removes CFR Marfa From List
Macroeconomics

Romania To Put 2 New Firms Under Private Admin, Removes CFR Marfa From List

Romania's government has taken out freight railway operator CFR Marfa from a list of state-owned companies to be run by private managers, while adding two new enterprises, according to the c...

Florentina Dragu · 07.12.2011 · 14:05 · 1 min
Energy

Top State-Run Companies Worth EUR4 Billion Less Than In 2008

Seventeen state-owned companies were included in this year's “Top 100 Most Valuable Companies in Romania”, three of which were new entries and the rest of them regulars in this ranking put t...

Loredana Frățilă-Cristescu · 06.12.2011 · 00:00 · 3 min