Browsing: Romania

Hidroelectrica recorded a net profit in the amount of 298 million euros in 2020, which is some 5 % more compared to the previous year. Thus,…

The solar plant power purchase agreement in incentivized prices until 2028, which translates to stable annual revenues of some 6.4 million euros. Alternus Energy announced that…

Romanian subsidiary of German energy company E.ON has appointed new CEO – Claudia Griech, who took the position as of 1 May. The statement from E.ON…

Romanian state is the largest shareholder in Romgaz with 70 % stake. The shareholders of Romanian natural gas producer Romgaz has approved the distribution of some…

The Romanian Government said that Transelectrica failed to oblige the legal provisions related to the profit distribution by state-controlled companies. The Government, as the majority owner…

For 2021, Electrica estimates for 2021 a consolidated net profit of some 40 million euros, down 48 % year-on-year) and total revenues of 1.4 billion euros,…

The listing of Romanian electricity producer Hidroelectrica involves several key steps that must be followed, but first, the repeal of Law 173/2020, which prohibits the sale…

The Romanian Competition Council has two ongoing investigations related to the electricity market liberalization for residential customers. Romanian Minister of Energy Virgil Popescu said he suspects…

In the first three months of 2021, the largest Romanian oil and gas company OMV Petrom, a part of Austrian OMV Group, recorded a net profit…

Romania’s municipality of Oradea is seeking for a contractor to design and build a system that would better use the city’s geothermal potential, particularly the already…