Energy - Business Review

Energy

Transelectrica signs RON 227 mln contract with its Smart branch for works on installations

Power December 14, 2017 13:54 0 comments

The National Company for the Transport of Electric Energy, Transelectrica, has signed a contract worth RON 227.4 million (excluding VAT) with one of its subsidiaries, Smart SA, the Company for the Maintenance of the Electric…more »

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Electrica Group launches its first sustainability report

Green & Renewables December 14, 2017 09:48 0 comments

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, a year before the legal…more »

E-Distributie Muntenia invests RON 14.5 mln for the modernization of Cotroceni primary station

News December 13, 2017 09:59 0 comments

E-Distribuție Muntenia invested approximately RON 14.5 million (EUR 3.15 million) for the first stages of the modernization of the Cotroceni primary station in Bucharest, a 3-year project which began in 2016, with a total investment…more »

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Energy prices to increase by 13 pct from January 1, as market is liberalized

News December 12, 2017 15:12 0 comments

The price of energy for universal consumers will increase by 13 percent during peak hours from January 1, according to information published on Tuesday by OPCOM (Romanian Electricity and Gas Market Operator). Auctions for the…more »

KMG International aims to reach 25 pct market share in Romania in the next four years

Oil & Gas December 11, 2017 16:41 0 comments

KMG International group, the former Rompetrol group, aims to reach market share of 25 percent in Romania and 12 percent in Bulgaria in the next four years, according to a release of the group. Currently…more »

Matteo Patrone EBRD

Black Sea Oil & Gas to receive additional investment from the European Bank for Reconstruction and Development

Oil & Gas November 29, 2017 11:34 0 comments

Black Sea Oil & Gas SRL (“BSOG”), currently owned by Carlyle International Energy Partners, announces that the European Bank for Reconstruction and Development (“EBRD”) has become a minority shareholder in the company. EBRD will be…more »

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Vodafone Romania and OMV Petrom complete trial of NB-IoT technology

Oil & Gas November 29, 2017 11:29 0 comments

Oil major OMV Petrom and telecom player Vodafone Romania have completed the first national trial for using the standardized NarrowBand-Internet of Things (NB-IoT) technology in the oil and gas sector. The technology was tested on…more »

Competition Council

Competition Council analyses the takeover of aviation fuel contracts of Eurospeed by OMV Petrom

Legal November 28, 2017 15:02 0 comments

The Competition Council analyses the takeover of aviation fuel contracts of Eurospeed by OMV Petrom, according to a release of the Competition Council. The Eurospeed’ contracts were closed with certain airlines and categories of beneficiaries…more »

Romanian electricity price up by 38 pct compared to last Friday

News November 24, 2017 12:13 0 comments

The average electricity price reached this Friday RON 344/MWh on the spot market of the stock exchange of the Romanian energy market operator OPCOM, a growth by 38 percent compared with the week before, when…more »

BCR launches electric car-sharing service in Bucharest – what’s the cost

Auto November 22, 2017 16:05 0 comments

BCR, the biggest lender in Romania by assets controlled by Austrian Erste, has launched in Bucharest its first electric car-sharing service called eGo. In the initial phase, the program will include a fleet 20 electric…more »