ENERGY
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Romania's 2011 Power Output +1.6% On Year
Romanian power output inched up 1.6% on the year to 23.45 million tons of oil equivalent in 2011, on higher production in most sectors, official data showed Wednesday.
IMF: Romania Should Terminate Bilateral Energy Contracts Immediately
Romania should immediately terminate the energy contracts awarded only to certain groups, which cost the budget millions of euros each year, Jeffrey Franks, head of the IMF agreement evaluat...
Romanian Energy Price Liberalization Pushed Back Two Years, Until 2017
Romania will deregulate the price of energy supplied to the public between 2013 and 2017, i.e. over two extra years than initially agreed, Istvan Szekely, head of the European Commission's m...
OPCOM: Day-Ahead Power Deals Hit All-Time Record Of 37,981 MWh
Electricity deals on the day-ahead platform of Romania’s energy market OPCOM rose to an all-time record of 37,981 megawatt per hour Monday, equal to 21% of the local consumption forecast for...
Romania Will Try To Postpone Energy Market Liberalization – President
Romania will try to negotiate with the International Monetary Fund a later date to liberalize its energy market, President Traian Basescu told a news conference Sunday.
Proprietatea Fund To Sell Energy, Gas Stock In 2012
Romanian investment fund Fondul Proprietatea (FP.RO) plans to sell part of its natural gas and energy stocks in 2012, the fund’s manager Greg Konieczny said Wednesday.
Alro Reconsiders Costs On High Energy Prices, Layoffs Are Last Resort
Romanian aluminum producer Alro Slatina (ALR.RO) Thursday said it is reconsidering all its investments and expenditure, because of the cheap energy deficit, which increased electricity costs...
Alro Considers Compensation Measures For High Energy Costs
Romanian aluminum maker Alro Slatina (ALR.RO) Thursday said it is considering options, including operations restructuring and stopping less efficient production capacities, if it is unable t...
51 Solar Energy Projects Reach Construction Stage. How Many Will Become Operational This Year?
Solar energy projects have caught speed on the Romanian market, with 51 such projects currently under construction, which entail investments of around EUR500 million, according to data of tr...