Power - Business Review

Power

Romania is the third least dependent EU member state on energy imports

Oil & Gas April 20, 2018 14:06 0 comments

Romania ranks 26th among the 28 European Union member states in terms of energy dependency, energy imports covering only 22.3 percent of national consumption in 2016, Eurostat data show. The energy dependency of the EU…more »

Siemens to rehabilitate 14 power transformation stations in the Republic of Moldova

Power April 12, 2018 16:01 0 comments

Engineering company Siemens own the contract for the rehabilitation of 14 medium voltage transformation stations in the Republic of Moldova which are owned by Moldelectrica. The investment project is financed by the European Bank for…more »

Electrica grants loan worth RON 520 mln to distribution arm

Power April 06, 2018 11:54 0 comments

Power company Electrica will lend RON 520 million (over EUR 111 million) to three of its subsidiaries operating in the electricity distribution segment. The funding will be used for investments. The loans will be granted…more »

hidroelectrica sediu

Hidroelectrica posts record RON 1.6 billion profit for 2017

Green & Renewables March 07, 2018 15:48 0 comments

Hidroelectrica, a state-owned hydropower company, posted a record profit for 2017, due mainly to controlling costs, company's CEO Bogdan Badea said on Wednesday, quoted by Economica.net. The company recorded a gross profit of RON 1.6…more »

Electrica Group posts 63 pct drop in net profit to RON 172 mln in 2017 over spike in electricity purchase costs

Power March 07, 2018 11:08 0 comments

Electrica Group, the supplier and distributor of electricity, said its net consolidated profit was down by 63 percent to RON 172 million (EUR 37.1 million) in 2017 compared to the previous year. Meanwhile, the individual…more »

Electricity consumption and production near record high in Romania, due to bad weather; coal and wind power surge

Power February 27, 2018 11:42 0 comments

Romania reaches tuesday high levels of electricity consumption and production, close to record high, due to the low temperatures, snowfall and blizzard affecting large parts of the country, show data published by state-owned monopoly Transelectrica.…more »

Hidroelectrica

Hidroelectrica: Tender close to EUR 80 mln for retechnologization of hydroelectric plant Vidraru

Power February 20, 2018 11:58 0 comments

Hidroelectrica has launched an international public tender for the retechnologization of  hydroelectric power plant Vidraru. The estimated value of the project reaches EUR 78.98 million (without VAT), to which can be added maximum EUR 1.75…more »

delgaz

Delgaz Grid gets EU funds co-financing for a RON 16.3 mln investment

Oil & Gas January 29, 2018 10:21 0 comments

A new investment by Delgaz Grid will be co-financed with around RON 10 million out of the European Fund for Regional Development, as well as with RON 1.8 million from the national budget, and a…more »

Valeriu Binig, Partner EY Romania

EY: Europe will reach parity in the use of traditional and renewable energy by 2025, 20 years ahead of US

Green & Renewables January 22, 2018 14:14 0 comments

According to research by EY, the amounts of traditional and renewable energy used in Europe will be similar by 2025, which will be two decades earlier than in the United States. Electric vehicles will become…more »

Competition Council

Competition Council slaps RON 73 mln fine on six companies in electricity metering market

Power January 08, 2018 09:32 0 comments

Romania’s Competition Council has slapped a EUR 15.8 million fine on six companies, accusing them of setting up two anti-competition deals for the sale of smart metering products and addition equipment in the electricity sector.…more »