ENERGY
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Largest State-Run Energy Companies Sit On RON7.7B Cash Reserves
The five largest state-run listed energy companies have 7.7 billion lei (EUR1.7 billion) cash in their accounts, more than one third of their market value.
OMV Petrom Anticipates Negative Result Of Power Business In 2014
Romania’s leading oil&gas company OMV Petrom (SNP.RO), owned by OMV Austria, estimates it will register losses from the electricity production this year, after the electric power generated i...
Romania Supports Reintegration Of Energy Companies
Romanian authorities are now supporting the integration of energy companies after breaking them up by business or energy generation source, a model that Romania applied at the recommendation...
Energy Consumption In Romania On The Rise Again In First Nine Months
Energy consumption in Romania resumed growth in the first nine months of this year, according to data provided by Transelectrica, the state-run power grid operator. A 1.1% advance was report...
Electrica Does Not Rule Out Regional Expansion
Energy prices will remain flat next year, believes Ioan Rosca, chief executive officer of Electrica, Romania’s largest power distribution and supply company, with almost 3.6 million consumer...
Nuclearelectrica: Energy Prices Will Go Further Down In 2015
Prices will continue to fall next year and the “scary part” is consumers’ lack of appetite for long-term contracts, says Daniela Lulache, general manager of Nuclearelectrica, the company tha...
EU Says Romania Needs Further Electricity Interconnection
Romania needs further electricity interconnection to exploit the high generation capacity, the European Commission said Monday in “Progress towards completing the Internal Energy Market” rep...
Romania January-August Power Output Up 1.4% On Year
Romanian energy output rose 1.4% on the year to 14.55 million tons of oil equivalent in the first eight months of 2014, fueled by higher production in most sectors, official data showed Wedn...
Biggest Biomass Investment Made In Romania Hits A Snag
Engineering company Adrem Invest might allocate another EUR10 million to the biomass (wood waste) power plant in Suceava, which heats 20,000 homes in the city and also generates electricity,...