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ENERGY

E-Distributie Muntenia to modernise several electricity networks in Bucharest

2018-05-23 14:28:09
E-Distributie Muntenia will invest about 6.1 million Euro this year for the modernization of the medium and low voltage grids in Eminescu, Floreasca and Domenii areas in Bucharest, with the purp...

ENERGY

Transelectrica opens 400 kV cross-border electricity interconnection between Romania and Serbia

2018-05-16 12:37:06
Transelectrica, Romania's state-owned monopoly of electricity transmission, announced that it opened a double-circuit 400 kV electricity transmission line between Resita in Romania and Pancevo i...

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ENERGY

Electricity consumption of Romania's households down 9.2 per cent in Q1 2018, statistics show

2018-05-11 13:47:06
Romania'a household consumers used 9.2 per cent less electricity in the first quarter of this year, compared to the same period of 2017, for a total of 2.9 billion kWh, according to the National...

ENERGY

Nuclearelectrica net profit up 51.7 per cent to 41 million Euro in Q1

2018-05-11 13:40:37
Nuclearelectrica, the state-owned operator of the nuclear reactors at Cernavoda, recorded a net profit of 41 million Euro in the first quarter of the year, up 51.7 per cent versus the same perio...

ENERGY

The electricity and gas distribution networks need over 10 billion Euro investments in the long term, says ACUE

2018-05-11 12:14:24
The electricity and gas distribution networks need investments over EUR 10 billion in the long term in order to replace the old infrastructure, according to the members of the Federation of Asso...

ENERGY

OMV Petrom Group's profit in Q1 up by 38 per cent to 854 million RON

2018-05-03 11:15:25
OMV Petrom Group recorded in the first quarter of 2018 a profit of 854 million RON, up by 38 per cent year-on-year, when it stood at 618 million RON, the company announced on Thursday.

ENERGY

Nuclearelectrica to close for maintenance one nuclear reactor at Cernavoda plant for one month

2018-04-27 14:02:13
Nuclearelectrica, the state-owned company that runs Romania's only nuclear power plant at Cernavoda, said on Friday that it will shut down for 30 days one out of the two nuclear reactors in use ...

ENERGY

Fondul Proprietatea exits Conpet

2018-04-23 11:48:49
Fondul Proprietatea, the fund managed by Franklin Templeton, has sold its minority stake in Conpet, the operator of the oil transport network in Romania.

ENERGY

E-Distributie Muntenia invested 6 million RON for the modernisation of the electricity networks in Cotroceni area

2018-04-17 13:53:02
E-Distributie Muntenia invested approx. 6 million RON for the modernization of the medium and low voltage networks in Cotroceni area, with the purpose to improve the quality of the electricity d...

ENERGY

Rompetrol Rafinare plans investments worth around 56 million USD in 2018

2018-04-16 11:13:41
Rompetrol Rafinare, the refining company controlled by KazMunayGas, will propose to shareholders an investment plan worth 56.9 million USD for 2018.

ENERGY

ArcelorMittal to sell its Romanian plant in Galati

2018-04-13 13:37:58
The Galati-based steel plant of ArcelorMittal is part of the divestment package the company proposed to the European Commission, the executive arm of the European Union. The company needs the gr...

ENERGY

Romelectro signed with Transelectrica the contracts for three new substations in Romania

2018-04-02 11:36:06
Following an open tender organized by Transelectrica, Romelectro was assigned the winner for the refurbishing of three substations in Romania, namely Focsani West, Roman North and Bacau South.

ENERGY

Transgaz signs deal worth 61 million Euro euro for BRUA compression stations

2018-03-26 16:33:46
Transgaz signed a contract of nearly 61.4 million Euro (288.7 million lei) without VAT with a consortium consisting of 8 companies, which also have six subcontractors, for the construction of th...

ENERGY

OMV Petrom doubled its profit last year

2018-02-21 11:30:02
OMV Petrom had a 2.49 billion RON profit in 2017, more than double than it had recorded in 2016 (1.04 billion RON), according to a report by the company.

ENERGY

Mol Group posts highest profit in a decade in 2017

2018-02-20 14:22:33
Mol Group announced its financial results for 2017. Mol increased its EBITDA by 14 per cent outperforming its 2017 target on the back of a strong financial and operational delivery of all busine...

ENERGY

Tender close to 80 million Euro for retechnologization of Hidroelectrica's Vidraru plant

2018-02-20 14:06:24
Hidroelectrica has launched an international public tender for the retechnologization of hydroelectric power plant Vidraru.

ENERGY

Electrica posts net profit of 257 million RON in 2017

2018-02-16 12:12:57
Electrica, one of the most important company in distribution and supply of electric energy in Romania, posted a net profit in decrease by 3 per cent to 256.9 million Euro at the end of December ...

ENERGY

Nuclearelectrica reports net profit up by 172 per cent to 303 million RON in 2017

2018-02-16 12:07:35
The energy producer Nuclearelectrica, which operates the nuclear plant from Cernavoda, posted a net profit increase by 172 per cent to 303 million RON in 2017, according to the preliminary data ...

ENERGY

Oil Terminal reports net profit of five million RON in 2017

2018-02-13 14:13:03
Oil transport company Oil Terminal recorded a net profit of 5.09 million RON in 2017, down 66.9 per cent year-on-year, according to the preliminary financial data published by the Bucharest Stoc...

ENERGY

Investments in wind energy down 19 per cent in EU in 2017

2018-02-13 14:04:39
Expenditure for new production capacity for wind energy in Europe has decreased by a fifth in 2017, down to the lowest level in the past three years, according to WindEurope.

ENERGY

Enel announced as title sponsor for the FIM MotoE World Cup

2018-02-07 16:22:40
Enel will be the title sponsor of the upcoming FIM MotoE World Cup, the world's first fully electric motorcycle circuit racing series recognised by the Federation, naming the series the FIM Enel...

ENERGY

OMV Petrom to build 18 million Euro fuel storage facility in western Romania

2018-02-01 16:06:27
OMV Petrom, the biggest oil and gas group in Romania, has started building a new fuel storage facility near the city of Arad, in Western Romania.

ENERGY

Electrica invested a record of 727 million RON in the distribution networks in 2017

2018-01-31 12:02:25
Electrica Group's investments in the distribution networks reached a record of 727 million RON in 2017. At the same time, the Distribution Operators of the Electrica Group have assumed for 2018...

ENERGY

ExxonMobil launches auction for drilling services in the Black Sea

2018-01-30 12:57:02
ExxonMobil has launched an auction in SEAP (the electronic public acquisition system) for a framework deal regarding drilling services in the Black Sea.

ENERGY

Transelectrica gets 27 million Euro from EC for new power line

2018-01-29 15:53:54
Romania's power grid operator Transelectrica, which is controlled by the state, will get a non-reimbursable financing from the European Commission worth 27 million Euro.

ENERGY

Socar has opened the second filling station in Brasov and reaches a total of 39 stations

2018-01-22 14:17:34
Socar has opened its 39th filling station in Romania. This is the second filling station to be launched under Socar brand in Brasov city, one of the Romanian tourism centers.

ENERGY

The increase of the final gas price for the population, determined by higher acquisition costs, says ACUE

2018-01-10 09:59:02
As a result of the increase of the cost of gas purchases paid by suppliers to the natural gas producers, ANRE decided, according to the methodology in force, to raise the final gas price for the...

ENERGY

MET Romania to continue its development on the local market

2017-12-20 12:08:20
Following the successful completion of Repower's takeover, MET Romania aims to analyze other opportunities on the local market, thus continuing to invest either by taking over other suppliers or...

ENERGY

Electrica Group launches its first sustainability report

2017-12-14 12:34:47
Electrica Group, leader in the distribution and supply of electric energy in Romania, is launching a sustainability report for 2016, which serves as the first non-financial report of the company...

ENERGY

Energy price for households to increase as of 1 January

2017-12-13 16:36:32
The price of energy for consumers who are powered in universal service will increase as of 1 January, while the peak energy consumption, between 18:00 hrs and 22:00 hrs will be more expensive by...

ENERGY

Transelectrica has six investment objectives on the list of European PCIs

2017-11-29 12:33:04
Six major investment objectives of Transelectrica are on the third list of projects of common interest (PCI) on energy infrastructure adopted at the end of the year last week by the European Com...

ENERGY

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

2017-11-17 10:23:10
Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

ENERGY

E-Distributie Dobrogea invested 1.7 million RON to install separators on nine overhead high voltage power lines

2017-11-10 12:38:03
E-Distributie Dobrogea is about to finalise the installation of 1.000 phase separators in nine overhead high voltage power lines in the counties Calarasi, Ialomita and Tulcea, in an investment p...

ENERGY

Mol Group posted a net profit of 823 million USD for Q1-Q3 2017

2017-11-03 11:09:36
Mol Group announced its financial results for Q3 2017. With 576 million Dollars delivered in the quarter, clean CCS EBITDA for the first nine months of the year is 12 per cent up from last year ...

ENERGY

Enel: "We are committed to achieve 100 per cent CO2-free power generation by 2050"

2017-11-01 12:22:59
Governments and non-state actors need to deliver an urgent increase in ambition to ensure the Paris Agreement goals can still be met, according to a new UN assessment.

ENERGY

Romania and Serbia near completion of the 400 kV transmission line between Resita and Pancevo

2017-10-27 14:57:17
Romania's national electricity transmission company announced that it has completed the crossing of the border to Serbia with the 400 kV Resita (Romania) - Pancevo (Serbia) transmission line.

ENERGY

EIB is lending 50 million Euro to Transgaz for a new European gas transmission corridor

2017-10-27 13:44:44
The European Investment Bank (EIB) is lending 50 million Euro to Transgaz, the national gas transmission company of Romania, to finance the construction of a new European gas transmission corrid...

ENERGY

Enel opened its largest shop in Iasi, in the Palas Mall

2017-10-25 15:14:06
Enel opened in the Palas Mall complex its largest store in Iasi and in the Moldova region. Thus, both the household and business customers in Iasi will have a new dedicated sales and information...

ENERGY

E-Distributie Dobrogea invests 12 million RON for the modernization of the Abator primary station in Constanta

2017-10-20 10:55:49
E-Distributie Dobrogea has begun an investment project worth around 12 million RON (2.6 million Euro) to modernize the primary station (high/medium voltage) Abator in the city of Constanta.

ENERGY

AFEER: Energy price will be higher next year, but not because of the liberalization of the market

2017-09-06 11:32:40
The energy price will be higher next year, but not because of the total liberalization of the market as of 1 January 2018, but because of market conditions, said Ion Lungu, president of the Asso...

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