Fitch Ratings has assigned Romgaz a first-time ‘BBB-‘ long-term issuer default rating (IDR) with a stable outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support. The SCP reflects Romgaz’s dominant […]
PPC recorded a net profit of 86 million euros in the first quarter of 2024, up from 51 million euros in the same period of 2023. The company had a recurring EBITDA of 459 million euros, up 64 percent from […]
OMV Petrom, the largest integrated energy producer in Southeastern Europe, commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform. The tank has been designed and built according to the latest standards in the field, […]
ENGIE has completed the acquisition process of an operational onshore wind farm with a capacity of 80 MW, previously owned by the EnerCap Capital Partners Group and EP Global Energy. Located in Chirnogeni, Constanța County, the wind farm benefits from […]
Romgaz announced that its new branch in Chisinau was registered with the Public Services Agency of the Republic of Moldova in the State Register of Legal Entities. Romgaz Board of Directors approved the establishment of a natural gas supply branch […]
Opinion by Ioannis Kalapodas, Head of the Romanian office, European Energy Following the European Commission’s decision dated 6 March 2024 to approve a EUR 3 billion for the Contract for Difference (CfD) state aid scheme until 31 December 2025, aimed […]
The three Rețele Electrice companies initiated a public tender on the SEAP platform, with a maximum cumulative value of around 190 million RON (without VAT) for the purchase of medium and low voltage electrical cables, as well as conductors, so […]
At the end of the first quarter of 2024, Distribuție Energie Electrică Romania – DEER, a member company of the Electrica Group, made and commissioned investments worth 70.3 million RON. Alexandru Chiriță, Electrica CEO: “Investments continue to be a priority […]
In the first three months of 2024, EBITDA at Electrica Group level increased by 170 percent, respectively by RON 252.1 million, reaching a value of RON 400.8 million, compared to the value of RON 148.7 million achieved in the first […]
Delgaz Grid, part of the E.ON Romania group, last year made the largest investments in the last 18 years in the natural gas and electricity distribution networks, exceeding 874 million RON (around 177 million euros), supported by own sources and […]
