TRANSGEX
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Capital Market
Drilling Company Transgex Signs RON185M Agreement With Romgaz
Drilling company Transgex SA (TRNG.RO) signed a framework service agreement put at RON184.9 million, excluding VAT, with Romgaz on Monday. The scope of the contract is the operation of drilling rigs at depths between 4,501 and 6,000 meters, for a period of fou...
Energy
Romania’s Sole Geothermal Power Station Doomed To Remain Pilot Project
The only power station in Romania fueled by geothermal water has proved an unprofitable investment, with power prices on the decline and with no way of receiving the subsidies matching those...
Energy
Romanian Businessman Invests EUR2M In Geothermal Heat For Greenhouse
Romanian businessman Gheorghe Calburean, who owns drilling company Dafora Medias (DAFR.RO), has invested EUR2 million in fitting his two-hectare greenhouse with a geothermal water heating sy...